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German automotive supplier Webasto plans to establish a joint venture with Chinese glass manufacturer Zhejiang Fujia Technology (FJT), with Webasto acquiring a 30% stake, pending antitrust approval. The JV will develop and produce Fixed Transparent Modules for China's automotive glass roof market.
“Webasto said the partnership strengthens its long-term commitment to China while enhancing cooperation with local OEMs in high-growth vehicle segments.”autonews.gasgoo.com
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