Shanghai Baolong Automotive Corporation

Shanghai Baolong Automotive Corporation acquired a 55% stake in the joint venture Huf Baolong, which manufactures tire pressure monitoring systems, from Huf Hulsbeck & Furst GmbH & Co. KG. The acquisition was announced on January 15, 2019.

Huf Group and Shanghai Baolong Automotive Corporation signed framework agreements to form a joint venture in tire pressure monitoring systems (TPMS). Baolong will hold 55% and Huf 45%, with completion expected in early 2019.

Shanghai Baolong Automotive Corporation and Huf Hülsbeck & Fürst GmbH & Co. KG signed principal transaction agreements to establish a joint venture in tire pressure monitoring systems (TPMS). Baolong will hold 55% and Huf 45%, with closing expected in early 2019.

Shanghai Baolong Automotive Corporation signed a contract to establish a joint venture with Salzgitter Hydroforming GmbH, called Baolong Salzgitter Hydroforming, based in Hefei, China, for the production of hydroforming components for automotive chassis and body applications.

Shanghai Baolong Automotive Corporation signed a 10-year procurement contract to supply its self-developed real-time tire pressure monitoring system (TPMS) to GM Do Brasil Ltda, a Brazilian subsidiary of General Motors. The contract started on July 18, 2017 and ends on January 1, 2028.