# China Automotive Systems and KYB form joint venture for EPS systems

China Automotive Systems (CAAS) and KYB (China) Investment Co., Ltd. established a joint venture, Hubei Henglong KYB Automobile Electric Steering System Co., Ltd., to develop and produce electric power steering systems. CAAS holds 66.6% ownership with an investment of RMB 213.12 million. The JV plans total investment of RMB 960 million and annual capacity of 5 million units.

- Type: Acquisition
- Announced: 2018-05-03
- Where: Jingzhou City, Hubei Province, China
- Value: $150.0M (960.0M CNY)
- Status: announced
- Capacity: 5 million units per year
- Products: electric power steering systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [China Automotive Systems](https://endata.com/companies/19421.md)
- [KYB](https://endata.com/companies/31679.md) (partner)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/china-automotive-systems-establishes-joint-venture-with-kyb-china-investment-co-ltd-for-eps-systems-300641792.html), 2018-05-03: "This joint venture will provide great benefits to both parties."

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