BRIEF-Beijing WKW Automotive Parts in JV deal with Hybrid Kinetic Group

March 20 (Reuters) - Beijing WKW Automotive Parts Co Ltd

* Says it signs MOU with Hybrid Kinetic Group to

set up new energy vehicle JV with investment of 12 billion yuan

($1.74 billion)

Source text in Chinese:

Further company coverage:

($1 = 6.9040 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)