Common Contracts
1 similar Capital and Business Alliance Agreement contracts
Cosmo Oil Marketing Concludes Capital and Business Alliance Agreement with EV Motors JapanCapital and Business Alliance Agreement • March 27th, 2024
Cosmo Oil Marketing Co. Ltd. (hereafter, “the Company”) has concluded a capital and business alliance agreement (hereafter, “the Alliance”) with EV Motors Japan Co., Ltd. (hereafter, “EVM-J”), a start-up specializing in the development, manufacturing (OEM supply), and sales of commercial electric vehicles (hereafter, “commercial EVs”) such as buses and trucks. The Alliance aims to promote the adoption of commercial EVs and explore the utilization and recycling of EV batteries, with the Company investing in EVM-J by subscribing to a portion of new shares issued by EVM-J through a third-party allotment. EVM-J equips its vehicles with its active inverter, a proprietary technology renowned for its world-class low power consumption, which enables a longer battery life and an extended driving range. The Company will cooperate with EVM-J to promote the widespread adoption of electric buses and trucks in response to growing demand for such vehicles in the future.
