# thyssenkrupp Steel Europe forms joint venture with Jingu and Ansteel in China

thyssenkrupp Steel Europe signed contracts for a joint venture with Jingu and Ansteel to produce lightweight and steel design wheels for the auto industry in China. Jingu will hold 51%, thyssenkrupp 34%, and Ansteel 15%.

- Type: Partnership
- Announced: 2018-06-22
- Where: China
- Status: announced
- Capacity: low single-digit million wheels per year
- Products: lightweight steel wheels, steel design wheels
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [thyssenkrupp Steel Europe](https://endata.com/companies/8018.md) (partner)
- [Jingu](https://endata.com/companies/32719.md) (partner)
- [Ansteel](https://endata.com/companies/32720.md) (partner)

## Sources

- [thyssenkrupp-steel.com](https://www.thyssenkrupp-steel.com/en/newsroom/press-releases/joint-venture-in-china.html), 2018-06-22: "thyssenkrupp Steel Europe today signed contracts for a joint venture to produce lightweight and steel design wheels for the auto industry in China."

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