SEOUL, KOREA / ACCESSWIRE / July 20, 2016 / Leo Motors Inc. (OTCBB: LEOM) with the support of government officials of Henan, China, Leo Motors, Inc. (LEOM) and Zhong Ji Well Parking System Co., Ltd. (ZJWP) have signed a Memorandum of Understanding (MoU) to set up a joint venture company focused on battery production, electric boat business, and Connected Vehicle business based on Internet of Things (IoT) platforms. The MoU was facilitated by the city government of Xuchang who invited Leo.
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