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Standard Motor Products Inc. (SMP) has entered into a 50/50 joint venture with Techstrong Holdings Limited to form Techstrong Electronics (Thailand) Company Limited, an automotive sensor manufacturing company. SMP acquires a 50% stake in an established supplier.
“This joint venture represents an important step forward in our commitment to our customers.”aftermarketnews.com
Summarized from public sources; check the original articles before acting on it.