# ABT SE forms joint venture in China with YOTTA Automobile

ABT SE agreed to set up a joint venture in China named 'ABT Technologies (Guangzhou) Co., Ltd.' with strategic partner YOTTA Automobile (Guangzhou) Co., Ltd. YOTTA holds 51%, ABT Sportsline holds 34%, and investor Dr. Cornelius Boersch holds the remainder.

- Type: Acquisition
- Announced: 2023-02-23
- Where: Guangzhou, China
- Status: announced
- Products: refinement parts for VW Group models, especially Audi, and Chinese electric vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [ABT SE](https://endata.com/companies/68729.md)
- [YOTTA Automobile (Guangzhou) Co., Ltd.](https://endata.com/companies/68730.md) (partner)
- [ABT Sportsline](https://endata.com/companies/68731.md) (investor)
- [Dr. Cornelius Boersch](https://endata.com/companies/68732.md) (investor)

## Sources

- [eqs-news.com](https://www.eqs-news.com/news/corporate/abt-se-agrees-on-foundation-of-a-joint-venture-in-china-and-strengthens-international-positioning/d5c68097-39c3-45b9-a744-9febf831a9b9_en), 2023-02-23: "With the joint venture, the ABT Group is expanding its position on the attractive Chinese automotive market and strengthening its comprehensive refinement expertise as well as the ABT brand on an international level."

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