# Bethel acquires 50.97% stake in Yubei Steering

Bethel closed the acquisition of a 50.97% stake in Yubei Steering for approximately 1.12 billion yuan, making it the controlling shareholder.

- Type: Acquisition
- Announced: 2026-06-17
- Where: China
- Value: $155.0M (1.12B CNY)
- Status: completed
- Products: steering systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Bethel](https://endata.com/companies/92578.md) (acquirer)
- [Yubei Steering](https://endata.com/companies/92579.md) (target)

## Sources

- [autonews.gasgoo.com](https://autonews.gasgoo.com/articles/market-industry/auto-parts-companies-ma-to-seize-control-2069053486954905601), 2026-06-22: "Bethel announced it had closed the acquisition of a 50.97% stake in Yubei Steering, making it the controlling shareholder"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.