# Haowu Group to take 50% non-controlling stake in FEUER powertrain

Chinese Haowu Group agreed to take a strategic, non-controlling 50% stake in crankshaft maker FEUER powertrain, with put and call options and a basic agreement to form a China joint venture for high-end crankshafts.

- Type: Acquisition
- Announced: 2023-01-09
- Where: Nordhausen, Thuringia, Germany
- Status: announced
- Products: crankshafts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [FEUER powertrain](https://endata.com/companies/10095.md) (target)
- [Haowu Group](https://endata.com/companies/10096.md) (investor)
- [Neijiang Jinhong Crankshaft](https://endata.com/companies/10097.md) (partner)

## Sources

- [argonas.de](https://www.argonas.de/referenzen/feuer-powertrain-haowu-gruppe), 2023-01-09: "Die Transaktionsstruktur umfasst dabei eine strategische, jedoch nicht kontrollierende, 50% Beteiligung durch Haowu an der FPT"

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