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German automotive supplier Webasto plans to establish a joint venture with Chinese glass manufacturer Zhejiang Fujia Technology (FJT), with Webasto acquiring a 30% stake, pending antitrust approval. The JV will develop and produce Fixed Transparent Modules for China's automotive glass roof market.
Webasto SE has signed an agreement to acquire a 30% stake in a newly established joint venture with Chinese glass manufacturer Zhejiang Fujia Technology to jointly develop and produce Fixed Transparent Modules (FTMs) for the Chinese market.