# Standard Motor Products forms China joint venture with Foshan Guangdong Automotive Air Conditioning

Standard Motor Products formed a 50/50 joint venture, Foshan FGD SMP Automotive Compressor, with China-based Foshan Guangdong Automotive Air Conditioning, investing approximately US$12.5 million to make automotive air conditioning compressors.

- Type: Acquisition
- Announced: 2017-12-01
- Where: Foshan, Guangdong, China
- Value: $12.5M
- Status: completed
- Products: automotive air conditioning compressors
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Standard Motor Products](https://endata.com/companies/2489.md) (investor)
- [Foshan Guangdong Automotive Air Conditioning](https://endata.com/companies/2490.md) (partner)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/standard-motor-products-inc-forms-a-joint-venture-with-foshan-guangdong-automotive-air-conditioning-co-ltd-300564692.html), 2017-12-01: "Standard Motor Products will invest approximately $12.5 million in the 50/50 joint venture."

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