# FAWER Automotive Parts to set up auto system JV with South Korean auto parts firm

FAWER Automotive Parts Ltd Co plans to set up an auto system joint venture with a South Korean auto parts firm, with a registered capital of 155 million yuan ($23.73 million).

- Type: Acquisition
- Announced: 2017-12-28
- Value: $23.7M (155.0M CNY)
- Status: announced
- Products: auto systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Fawer Automotive Parts](https://endata.com/companies/3391.md)

## Sources

- [reuters.com](https://www.reuters.com/article/business/fawer-automotive-parts-to-set-up-auto-system-jv-with-south-koreas-auto-parts-fi-idUSL4N1OS2GR/), 2017-12-28: "SAYS IT PLANS TO SET UP AUTO SYSTEM JV WITH REGSTERED CAPITAL OF 155 MILLION YUAN ($23.73 million) WITH SOUTH KOREA'S AUTO PARTS FIRM"

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