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Ningbo Joyson Electronics Corp. received a RMB220 million control electronics order from Tesla for the production of the Model Y. Products will be delivered to Tesla's Shanghai Gigafactory 3 from Joyson's Ningbo plant.
Ningbo Joyson Electronics signed a definitive agreement to acquire all of Takata's business for up to $1.588 billion, excluding PSAN airbag inflators. The deal is expected to complete in Q1 2018.
Ningbo Joyson Electronics, through its subsidiary KSS Holdings, signed a memorandum of understanding to acquire Takata Corporation's assets (excluding ammonium nitrate propellant business) for approximately $1.59 billion.