# Huayu Automotive to buy ZF's 50% stake in Shanghai Sachs Powertrain joint venture

Huayu Automotive Systems signed an agreement to acquire ZF Friedrichshafen's 50% stake in Shanghai Sachs Powertrain Component Systems for CNY 65 million (USD 9.5 million), making the joint venture a wholly owned subsidiary.

- Type: Acquisition
- Announced: 2018-12-20
- Where: Shanghai, China, China
- Value: $9.50M (65.0M CNY)
- Status: announced
- Products: clutches, torque converters
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Huayu Automotive Systems](https://endata.com/companies/1495.md)
- [Huayu Automotive Systems](https://endata.com/companies/1495.md) (acquirer)
- [ZF Friedrichshafen](https://endata.com/companies/4104.md) (partner)
- [ZF Friedrichshafen](https://endata.com/companies/4104.md) (target)
- [TRW Automotive Inc.](https://endata.com/companies/26678.md) (acquirer)
- [Shanghai Sachs Powertrain Component Systems](https://endata.com/companies/36299.md) (target)
- [ZF (China) Investment](https://endata.com/companies/36386.md) (partner)
- [Shanghai Sachs Powertrain Components Systems](https://endata.com/companies/36387.md) (target)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/china-huayu-automotive-to-buy-german-partner-half-of-joint-venture), 2018-12-20: "The deal will support and promote the development of Sachs' transmission system module business."
- [m.bjnews.com.cn](https://m.bjnews.com.cn/detail/154536485414061.html), 2018-12-21: "华域汽车拟以8071万元出售上海天合50%股权，通过有效整合相关技术及企业资源,将快速形成在汽车安全带、安全气囊、方向盘等领域的自主开发、生产制造、市场开拓等能力。"
- [autonews.gasgoo.com](https://autonews.gasgoo.com/articles/news/saic-owned-huayu-automotive-sells-out-jv-stake-to-focus-on-self-development-70015511), 2018-12-25: "HASCO will also acquire the 50% stake in Shanghai Sachs Powertrain Components Systems Co., Ltd. (Sachs Powertrain) which is controlled by ZF (China) Investment Co., Ltd. at a price of RMB65.16 million."

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