# Adient to end YFAS joint venture with Yanfeng in $1.5 billion deal

Adient has entered into agreements to sell its 49.99% interest in YFAS to Yanfeng for ~$1.5 billion, and will acquire YFAS's interests in CQYFAS and YFAS-LF, allowing Adient to operate independently in China.

- Type: Acquisition
- Announced: 2021-03-12
- Where: China
- Value: $1.50B
- Status: announced
- Products: automotive seating
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Adient](https://endata.com/companies/17892.md)
- [Yanfeng Automotive Trim Systems](https://endata.com/companies/44916.md) (acquirer)

## Sources

- [adient.com](https://www.adient.com/media/news/2021/03/12/adient-announces-strategic-transformation-in-china/), 2021-03-12: "These pending transactions offer Adient an opportunity to drive our China strategy independently and further position the company for future growth in the world's largest automotive market."

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