Loading…
Yanfeng entered into an agreement on 3 December 2021 to acquire Adient Asia's 49.99% share in the Yanfeng Adient Seating Co., Ltd (YFAS) joint venture in China, giving Yanfeng full ownership.
Jinbei Auto, through its subsidiary Jinchen Auto, plans to acquire the remaining 50% equity of Jinbei Adient from Adient Asia for $58 million, making Jinbei Adient a wholly-owned subsidiary. Jinbei Adient designs and produces automotive seats for models including BMW Brilliance vehicles.