Tianrun Industrial Technology Co.

Chinese engine components maker Tianrun Industrial Technology plans to acquire Korean-owned Altechno Auto Parts in Shandong province for CNY135 million (USD18.8 million) to expand into lightweight aluminum car parts. The deal is expected to be completed by 2027.

HL Mando and China's Tianrun Industrial Technology Co. launched a joint venture, Tianrun Mando, in Shandong, China. Tianrun invested 60 million yuan ($8.3 million) for a 60% stake, HL Mando holds 40%.