# Bethel Automotive to acquire 45% stake in Zhejiang Wanda Steering for $200M

Bethel Automotive Safety Systems agreed to acquire a 45% equity stake in Zhejiang Wanda Automotive Steering Co., Ltd. for approximately 200 million yuan. The acquisition will add steering system products to Bethel's automotive safety portfolio.

- Type: Acquisition
- Announced: 2022-04-07
- Where: China
- Value: $31.4M (200.0M CNY)
- Status: announced
- Products: steering systems, steering columns
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Bethel Automotive Safety Systems](https://endata.com/companies/37393.md) (acquirer)
- [Zhejiang Wanda Automotive Steering](https://endata.com/companies/62185.md) (target)
- [Chery Technology](https://endata.com/companies/62186.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/698728.html), 2022-04-08: "公司以自有资金约2亿元收购万达零部件所持万达公司45%股权（对应8631万股）"

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