Dixon to form joint venture with Vivo India
2024-12-16 11:22:57
On December 16, Dixon Technologies of India issued a statement saying that it had signed a binding term sheet with Vivo Mobile India to establish a joint venture in India as an original equipment manufacturer of electronic devices including smartphones. Dixon will hold a 51% stake in the joint venture, while Vivo will hold the remaining shares. The factory will handle some of Vivo India's OEM smartphone orders and may also produce electronic products for other brands.
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