# ABB and HASCO create joint venture for smart manufacturing in China's auto industry

ABB and HASCO announced a joint venture to develop smart manufacturing solutions for China's automotive industry. ABB will hold a 40% stake in the venture, which is expected to commence operations in Q2 2022.

- Type: Partnership
- Announced: 2021-12-30
- Where: Shanghai, China
- Status: announced
- Products: smart manufacturing solutions, automated production lines
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [ABB](https://endata.com/companies/1547.md) (partner)
- [HASCO](https://endata.com/companies/55970.md) (partner)

## Sources

- [new.abb.com](https://new.abb.com/news/detail/86344/abb-and-hasco-create-joint-venture-to-drive-smart-manufacturing-in-chinas-auto-industry), 2021-12-30: "This joint venture will enable us to further develop HASCO's leading position with automated solutions that benefit customers in China."

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