# Huf Group and Baolong form joint venture for tire pressure monitoring systems

Huf Group and Shanghai Baolong Automotive Corporation signed framework agreements to form a joint venture in tire pressure monitoring systems (TPMS). Baolong will hold 55% and Huf 45%, with completion expected in early 2019.

- Type: Acquisition
- Announced: 2018-11-19
- Where: Shanghai and Wuhan, China
- Status: announced
- Products: tire pressure monitoring systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Huf Group](https://endata.com/companies/3634.md) (partner)
- [Shanghai Baolong Automotive Corporation](https://endata.com/companies/25837.md) (partner)

## Sources

- [pressebox.de](https://www.pressebox.de/pressemitteilung/field-fisher-waterhouse-llp/fieldfisher-begleitet-die-huf-group-bei-der-grndung-eines-joint-ventures-mit-dem-chinesischen-automobilzulieferer-baolong/boxid/931391), 2018-11-19: "Am 6. November 2018 haben die künftigen Joint Venture Partner Shanghai Baolong Automotive Corporation und die Huf Hülsbeck & Fürst GmbH & Co. KG Rahmenvereinbarungen zur Gründung eines Joint Ventures im Bereich Reifendruckkontrollsysteme (RDKS) abgeschlossen."

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