Lear Corp. (LEA) Misses Q3 EPS by 50c

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Lear Corp. (LEA), Shinry Forming Joint Venture for Onboard Vehicle Chargers

November 1, 2021 7:05 AM EDT

Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that it has signed a definitive agreement to establish a joint venture with Shinry Technologies Co. Ltd. (300745.SZ), a China-based Tier 1 supplier of electronics for electric vehicles.

The completion of the approval and registration of the joint venture is anticipated within the fourth quarter of 2021, and the joint venture management team is expected to be finalized this... More