Evatran Group Inc. is entering the Chinese market.
The Richmond-based company announced Thursday it is forming a joint partnership with Zhejiang VIE Science and Technology to integrate its Plugless power system into electric vehicles in China.
The joint venture, created with an initial investment of $5 million, expects the Plugless EV charging to be in series production and commercially available with a China-based manufacturer in 2017.
“China is the fastest growing EV market in the world, and we see tremendous opportunities in bringing Plugless technology to the market,” Evatran CEO Rebecca Hough said in a statement.
