# Huaxiang and Huayu Shanghai to form joint venture for auto parts

Huaxiang Co., Ltd. and Huayu Automotive Systems (Shanghai) Co., Ltd. announced a joint venture, Huaxiang St. Mande (Shanghai) Automotive Systems Co., Ltd., with Huaxiang contributing 429 million yuan in cash and Huayu Shanghai contributing its 100% stake in St. Mande Shanxi valued at 184 million yuan, for a total investment of about 613 million yuan. Huaxiang will hold 70% and Huayu Shanghai 30%.

- Type: Acquisition
- Announced: 2024-09-29
- Where: China
- Value: $86.0M (613.0M CNY)
- Status: announced
- Products: automotive parts and assemblies
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Huaxiang Co., Ltd.](https://endata.com/companies/80118.md)
- [Huayu Automotive Systems (Shanghai)](https://endata.com/companies/80119.md) (partner)

## Sources

- [zhitongcaijing.com](https://www.zhitongcaijing.com/content/detail/1188610.html), 2024-09-29: "华翔股份(603112.SH)公告，公司拟与华域汽车系统(上海)有限公司(简称“华域上海”)共同成立合资公司华翔圣德曼(上海)汽车系统有限公司，协同发挥华域上海和华翔股份的优势，推动合资企业的提质、降本、增效，积极拓展汽车零部件产品和相关总成件的国内外配套市场。"

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