# 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.

- Type: Partnership
- Announced: 2018-11-06
- Where: Düsseldorf, Germany
- Status: announced
- Products: tire pressure monitoring systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Shanghai Baolong Automotive Corporation](https://endata.com/companies/25837.md) (partner)
- [Huf Hülsbeck & Fürst GmbH & Co. KG](https://endata.com/companies/35532.md) (partner)

## Sources

- [huf-group.com](https://www.huf-group.com/en/newsroom/baolong-automotive-and-huf-group-signed-package-principal-transaction-agreements), 2018-11-16: "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."

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