# Huf Group and Baolong sign letter of intent for tire pressure monitoring joint venture

Huf Group and Baolong signed a letter of intent to establish a joint venture combining their tire pressure monitoring systems businesses, with launch planned for 1 January 2019.

- Type: Acquisition
- Announced: 2018-07-20
- Status: announced
- Products: tire pressure monitoring systems, tire valves
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Huf Group](https://endata.com/companies/3634.md) (partner)
- [Baolong](https://endata.com/companies/3635.md) (partner)

## Sources

- [huf-group.com](https://www.huf-group.com/en/newsroom/huf-group-and-baolong-plan-joint-venture-tire-pressure-monitoring-systems), 2018-07-20: "The family-run Huf Group from Velbert and the Chinese automotive supplier Baolong from Shanghai signed a letter of intent to establish a joint venture in the field of tire pressure monitoring systems (TPMS)."

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