# Ruili Group completes acquisition of 41.2% stake in SORL Auto Parts

Ruili Group Co., Ltd. completed the acquisition of an approximately 41.2% stake in SORL Auto Parts Inc. for approximately $33.8 million, announced on May 14, 2020.

- Type: Acquisition
- Announced: 2020-05-14
- Where: United States
- Value: $33.8M
- Status: completed
- Products: auto parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [SORL Auto Parts, Inc.](https://endata.com/companies/43614.md) (target)
- [Ruili Group](https://endata.com/companies/47259.md) (acquirer)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/SORL-AUTO-PARTS-INC-16749/news/Ruili-Group-Co-Ltd-completed-the-acquisition-of-an-approximately-41-2-stake-in-SORL-Auto-Parts-I-33866320/), 2020-05-14: "Ruili Group Co., Ltd. completed the acquisition of an approximately 41.2% stake in SORL Auto Parts Inc."

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