Shanghai Baolong Automotive acquires 55% stake in Huf Baolong JV

Shanghai Baolong Automotive Corporation acquired a 55% stake in the joint venture Huf Baolong, which manufactures tire pressure monitoring systems, from Huf Hulsbeck & Furst GmbH & Co. KG. The acquisition was announced on January 15, 2019.

“Shanghai Baolong Automotive Corporation agreed with Huf Hulsbeck & Furst GmbH & Co. KG of Germany on the establishment of a joint manufacturer of tire pressure monitoring systems (TPMSs), but on January 15, 2019 (in German time), the Chinese company acquires 55% shares in the joint company, Huf Baol”marklines.com

• 2 sources
• marklines.com[Gen-AI Analysis] Shanghai Baolong Automotive acquires 55% shares in joint venture with Huf - MarkLines Automotive Information & Gen-AI PlatformJan 17, 2019
• tyrepress.comBaolong and Huf Launch BH SENS TPMS joint venture - TyrepressChris AnthonyFeb 21, 2019

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