Halla Holdings Corporation

Halla Group announced that Mando Mobility Solutions will be merged into its subsidiary HL Klemove (formerly Mando Hella Electronics) to combine autonomous driving businesses. The merged entity will operate under HL Klemove starting December 1, 2021.

South Korean auto parts supplier Halla Holdings Corp. made a 100 billion won ($85.5 million) strategic investment in electric vehicle battery separator manufacturer W-Scope Korea Co. (WCP).

Mando signed a share purchase agreement to acquire 100% of Mando Hella Electronics (MHE), a joint venture between Halla Holdings and HELLA, for KRW 165 billion. The transaction is expected to close in Q1 2021.

Johnson Electric signed an agreement to acquire an additional 50% equity interest in Halla Stackpole Corporation for KRW 93.9 billion (about US$83.8 million), increasing its ownership to 80%. HSC is a supplier of powder metal components to the automotive industry in Asia.

Johnson Electric International (UK) Limited agreed to acquire 50% of Halla Stackpole from Halla Holdings Corporation for 93.854 billion KRW (about $83.8 million), increasing its stake from 30% to 80%.