HT-SAAE acquires majority stake in erae Automotive System

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M&A

Newly-acquired company to be part of HT-SAAE Global Thermal Business Unit

Shanghai Aerospace Automotive Electromechanical (HT-SAAE), through its wholly owned company Shanghai HT Holding Hong Kong, has acquired 51% share in erae Automotive System, the company announced in a press release on 31 January.

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