# HL Mando and Tianrun Industrial form auto parts JV in China

HL Mando and China's Tianrun Industrial Technology Co. launched a joint venture, Tianrun Mando, in Shandong, China. Tianrun invested 60 million yuan ($8.3 million) for a 60% stake, HL Mando holds 40%.

- Type: Acquisition
- Announced: 2024-02-22
- Where: Shandong, China
- Value: $8.30M
- Status: announced
- Products: electric power steering for commercial vehicles, ball-nut type electric power steering (BN-EPS)
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [HL Mando](https://endata.com/companies/70573.md) (partner)
- [Tianrun Industrial Technology Co.](https://endata.com/companies/75807.md) (partner)

## Sources

- [kedglobal.com](https://www.kedglobal.com/us/automobiles/newsView/ked202402220012), 2024-02-22: "Tianrun Mando targets the global market of electric power steering for commercial vehicles."

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