# Hubei Henglong and KYB China form joint venture for electric steering systems

Hubei Henglong Automotive System Group, a subsidiary of China Automotive Systems, entered into a joint venture contract with KYB (China) Investment Co., Ltd. to establish Hubei Henglong KYB Automobile Electric Steering System Co., Ltd. for manufacturing and sales of automotive electric steering systems. The total investment is RMB 960 million, with registered capital of RMB 320 million.

- Type: Partnership
- Announced: 2018-04-27
- Where: China
- Value: $151.7M (960.0M CNY)
- Status: announced
- Products: automotive electric steering systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hubei Henglong Automotive System Group](https://endata.com/companies/31590.md)
- [KYB (China) Investment Co., Ltd.](https://endata.com/companies/31591.md) (partner)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/CHINA-AUTOMOTIVE-SYSTEMS--8650/news/Hubei-Henglong-Automotive-System-Group-Co-Ltd-Enters-into-Joint-Venture-Contract-with-KYB-Investm-34735288/), 2018-04-27: "Hubei Henglong Automotive System Group Co., Ltd., a wholly-owned subsidiary of China Automotive Systems, Inc. entered into a joint venture contract with KYB (China) Investment Co., Ltd., pursuant to which the parties will establish a joint venture company, Hubei Henglong KYB Automobile Electric Stee"

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