BRIEF-Hybrid Kinetic Group says LYG Hybrid Kinetic entered into JV agreement

March 14 (Reuters) - Hybrid Kinetic Group Ltd:

* Lyg Hybrid Kinetic, a wholly- owned subsidiary of company,

entered into JV agreement with Beijing WKW and Beijing Zhi Yun

* Pursuant to JV agreement, ningbo joint venture will be

owned as to 27 percent by beijing wkw, 9 percent by LYG Hybrid

kinetic and 64 percent by Beijing Zhi Yun

* JV agreement for establishment of ningbo joint venture

with registered capital of RMB2 billion

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