Erae Automotive Systems and SDDAC plan joint venture for HVAC business

Erae Automotive Systems (formerly Korea Delphi) is pursuing a joint venture with SDDAC, a subsidiary of SAIC Motor, by splitting off its HVAC business unit. The move aims to strengthen competitiveness amid declining production at key customer GM Korea.

“이래오토모티브시스템은 공조사업 부문을 분할해 상하이차의 자회사인 에스닥(SDDAC)과 합치는 것을 진행하고 있다.”etoday.co.kr

• 1 source
• etoday.co.kr금호타이어 인수 나선 이래오토모티브, 상하이차와 합작법인 설립추진 - 이투데이Jan 9, 2017

Summarized from public sources; check the original articles before acting on it.