Baolong Automotive and Huf Group sign agreements for TPMS joint venture

Shanghai Baolong Automotive Corporation and Huf Hülsbeck & Fürst GmbH & Co. KG signed principal transaction agreements to establish a joint venture in tire pressure monitoring systems (TPMS). Baolong will hold 55% and Huf 45%, with closing expected in early 2019.

“The close cooperation between Baolong and Huf is welcomed by the stakeholders, who believe that the new joint venture will be able to provide an expanded portfolio of products and services with stronger international competitiveness in the TPMS sector.”huf-group.com

• 1 source
• huf-group.comBaolong Automotive and Huf Group Signed a Package of Principal Transaction Agreements | Huf GroupNov 16, 2018

Summarized from public sources; check the original articles before acting on it.