Zhongju plans to invest nearly $42 million to cooperate with SEV, an American electric vehicle manufacturer.

After the listing, Zhongmu Battery announced that it planned to conditionally subscribe for SMITHELECTRICVehicles series AA convertible bonds, series preferred shares and SEV common shares, involving amounts of US$ 2 million, US$ 6.5438+million and US$ 30 million, respectively, to carry out strategic cooperation with SEV. SEV is an electric logistics vehicle produced by Smith Electric Vehicle Company, which is mainly engaged in the manufacture and sales of commercial all-electric vehicles. Its main operating base is Kansas City, Missouri, USA. SEV intends to merge with a company that trades on the OTC market, and then seek listing on the new york Stock Exchange, new york Stock Exchange or Nasdaq.