Beijing WKW Automotive Parts

Beijing WKW Automotive Parts Co., Ltd. and two strategic partners completed the acquisition of a 50% stake in Marlok Automotive GmbH for €0.7 million on September 10, 2020.

Beijing WKW Automotive Parts Co., Ltd. and two other strategic partners signed an equity transfer agreement to acquire a 50% stake in Marlok Automotive GmbH for €0.7 million on September 10, 2019. Siegfried Marlok will continue as Managing Director.

Sanhua Holding Group agreed to acquire Ningbo Fuerda Smartech Co., Ltd. and Shanghai Fuyulong Car Technology Co., Ltd. from Beijing WKW Automotive Parts for CNY 2 billion. The deal includes a 70% first installment payment upon signing.

Beijing WKW Automotive Parts Co. plans to invest CNY16 billion (USD2.5 billion) to build a new-energy vehicle manufacturing plant in Qinhuangdao Economic and Technology Development Zone, Hebei province. The plant aims to produce 300,000 vehicles annually.

Beijing WKW Automotive Parts and a subsidiary of Hybrid Kinetic Group signed an investment agreement with the local government to establish a manufacturing base for clean energy vehicles in Ningbo's Fenghua district with an annual output of 300,000 units and total investment of USD 2.57 billion.

Beijing WKW Automotive Parts Ltd. plans to invest up to 1.14 billion euros to build an electric vehicle research and production base in Rothenburg, Germany, through its wholly-owned subsidiary Delon Automotive GmbH. The project received NDRC approval.

Beijing WKW Automotive Parts Co. plans to invest up to €1.13 billion ($1.24 billion) in an electric car factory in Rothenburg/Oberlausitz, Saxony, Germany, creating over 1,000 jobs.