Auto parts supplier Huayu sells stake in JV with Valeo
SAIC Motor is the largest shareholder of Huayu Automotive Systems Company with a stake of 58.32% share
Shanghai SIIC Transportation Electric Co., Ltd. (STEC), subsidiary of China’s automotive parts supplier Huayu Automotive Systems Company Limited, agreed for a stake transfer agreement with Valeo International Holdng, the company announced in a statement released by Gasgoo on 28 December.
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