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    FISITA World Mobility Conference 2025: Key themes and concerns for the automotive industry
    One thing is abundantly clear after the FISITA World Mobility Conference (WMC) last week. Megatrends impact everything. No longer can chassis development, braking, safety validation and so forth stand alone without impact from the broader drive towards electrification, the AI revolution or SDVs, to name a few.  The event’s sessions gave the impression that electrification is already baked into the industry, particularly in Europe where the debate on (regulation-pushed) direction is ...
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    Beyond horsepower: Compute becomes the new competitive edge for OEMs
    Automotive compute power is becoming a defining metric of vehicle capability — not just for autonomy, but across cockpit systems, connectivity and life-cycle software deployment. As vehicles transition toward centralized electrical/electronic (E/E) architectures and software-defined platforms, silicon performance is now a core determinant of what a vehicle can do — and how long it will remain competitive in the field. Two metrics have emerged as industry standards for measuring this compu...
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    Huaxiang Electronic agrees to acquire IAC Group's business in mainland China
    Huaxiang Electronic has reached an agreement to acquire International Automotive Components Group’s (IAC) operations in mainland China for 600 million Chinese yuan ($82.6 million), Yicai Global reported June 26. The acquisition will significantly expand Hauxiang's presence in its domestic market. The deal involves IAC’s six subsidiaries in mainland China, including buying full stakes in Automotive Components Technology, IAC Automotive Components, IAC Shanghai Management as well as IAC Aut...
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    Ningbo Huaxiang settles dispute with Grupo Antolin, agrees to acquire stakes in JVs
    Chinese supplier Ningbo Huaxiang has settled a marketing dispute with Spain-based Grupo Antolin, reports Automotive News China. The Chinese auto parts maker has agreed to acquire stakes in the two joint-ventures (JV) that it operated with the Spanish partners in China. Huaxiang will pay CNY119 million (USD17.9 million) for a 50% of stake in Ningbo Antolin Huaxiang Auto Parts Co., which makes pillars, door panels, and air inlet grilles, and CNY46 million (USD6.9 million) for a 50% stake in Yangzh...
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    Difficult challenges ahead in development of China’s supply base
    Profitability under attack Organically formed as the outcome from the development of the automotive industry at OEM level, the automotive component supply base in China is characterised by its fragmentation, formed of approximately 20,000 companies supplying 108 automakers. During the dawn of the Chinese car making industry, OEMs were keeping a firm grip on component costs, either relying on a closed network of suppliers or producing components in-house. This control, coupled with local gove...
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    Bosal opens first China plant in Chongqing
    Automotive parts supplier Bosal Group opened its first plant in China on 6 November. The new vehicle emission control systems plant is based in Chongqing and covers an area of 2,700 square metres. In 2014, the plant will be able to provide 45,000 sets of new vehicle emission systems and intends to increase its annual output to 110,000 units within four years, Sinocast reports. Significance: The new plant in Chongqing represents the first wholly owned Bosal Group facility in China. According ...
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    Ningbo Huaxiang buys out Faurecia from Chinese JV
    Chinese supplier company Ningbo Huaxiang Electronic Company will buy out its partner Faurecia from a local joint venture (JV) in China. Huaxiang will take over the 49% equity that Faurecia owns in Faurecia Chengdu Emission Control Technologies Company for CNY24.28m (USD3.9m), gasgoo.com reports. Significance:  Ningbo Huaxiang and Faurecia announced in April that they would set up a JV to for the production and assembly of automobile exhaust control systems in Foshan in China’s souther...
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    Huaxiang Electronics forms JV with German Helbako
    German auto parts supplier Helbako GmbH and Chinese auto supplier Ningbo Huaxiang Electronic Company (NBHX) have formed a joint venture (JV) according to a company press release. The JV will be 30%-owned by Helbako, while the majority shareholder will be NBXH with a 70% stake. The JV has a registered capital of EUR2.8m (USD3.5m), according to a report by China Business Newswire. Significance: Ningbo Huaxiang is a large automotive supplier group in China with a range of products made under dif...
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    Latest Mergers and Acquisitions
      Acquirer Acquired Business Sector Comment Ring Plus Aqua Trinity India Automotive 24 February 2012: Ring Plus Aqua, an Indian auto component supplier, owned by textile major Raymond, has acquired a 78% stake in Trinity India for INR540m (USD10.9m). The company acquired the majority stake through entering into share transfer agreement with the promoters of Trinity. Ring Plus Aqua funded the dea...
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    Will the long awaited supplier buying spree happen in 2012?
    A year ago at this time the global supplier industry was prepared for a flurry of M&A transactions; the beginnings of a true consolidation of the industry. And there were in fact a smattering of deals in 2011, but nothing like the explosion of supplier acquisitions that was expected. Will it be a different story in 2012? At the Detroit auto show last week the subject of consolidation was front and centre once again, for a variety of reasons: • Vehicle production has stabilised and is ris...
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    Lawrence Automotive acquires decorative trim supplier Northern Engraving
    UK-based Lawrence Automotive Interiors has acquired US-based Northern Engraving Corporation, a supplier of decorative trim, reports Automotive News China. Northern Engraving did not disclose the acquisition price; however, Chinese media reports that the deal was worth USD90m. Northern Engraving supplies trim and automotive badges to Ford Motor, Volvo, GM and Tesla. Lawrence Automotive, the UK subsidiary of China’s Ningbo Huaxiang Electronics, produces wood veneer panel. Significance: With t...
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    Ningbo Huaxiang acquires two business units of German supplier Sellner
    Ningbo Huaxiang Electronics will acquire two business units of bankrupt German supplier Sellner Holding, according to a press release in Automotive News China. The two businesses, Sellner—including its plastic interior parts subsidiary IPG Industrieplast based in Germany—and Sellner Corp. in the US, manufacture wooden interior components for the automotive industry. Huaxiang will acquire the first company for EUR19m and the second one for CNY23m (EUR2.6m, 15 November 2011), the press releas...
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    ABC Group enters into global alliance with INOAC
    ABC Group has entered into a global agreement with Japan-based INOAC Corporation, the company said in a press release. Under the agreement the two partners will jointly work to strengthen their respective capabilities through leveraging their manufacturing footprints, technologies and customer relationships. In addition, both partners will engage in joint research and development (R&D) project to further strengthen their respective product lines. “We are pleased to have signed this agreem...
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    ABC Group Announces Joint Venture Agreement with China's Ningbo Inoac Huaxiang Automobile Products Co. Ltd.
    ABC Group Inc., today announced the signing of a joint venture agreement with Ningbo Inoac Huaxiang Automobile Products Co., Ltd of China to form Ningbo ABC Inoac Huaxiang Co., Ltd., based in Ningbo City, China. As the automotive industry increasingly moves to global automotive platforms for design, engineering and production, automotive parts suppliers are adapting to meet these requirements. This joint venture strengthens market share for both ABC Group and IHX, as it further extends the...
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    Latest Joint-Ventures
    Company JV Partner (s) Location Comment Audi Voith GmbH N/A 17 February 2011 - Audi signed an agreement with Voith GmbH to jointly develop fibre-reinforced materials that enhance the automated process chain leading to high-volume automotive production. Audi has earlier utilised fibre-reinforced polymers for light-weight components in the Audi R8 and Audi RS 3. Voiths carbon fibre-reinforced polymer (CFRP), already in use in industrial plant design will now be deployed in the autom...
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    Faurecia forms JV with Ningbo Huazhong for automotive exteriors
    France-based Faurecia has collaborated with Ningbo Huazhong Plastic Products Co Ltd to produce automotive exterior parts in China. The 50:50 joint-venture (JV) includes a plant of Changchun Huaxiang Automotive Plastics Manufacture Co Ltd in Jilin Province (China), a subsidiary of Ningbo Huazhong Plastic Products Co Ltd. The Changchun JV plant has 334 employees. The management of the new venture will be led by Faurecia.  The JV will supply bumpers to FAW-Volkswagen’s Magotan (the Chines...
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    Structure of the Chinese supplier industry
    After China joined the WTO, the market for passenger cars began to boom. Initially this led to a surge in car part imports, which rose from US$3.4 billion in 2002 to US$11.3 billion in 2004. In 2005 the value of component imports decreased to US$10.4, due partly to a stagnant vehicle market in that year and partly to components that had been increasingly manufactured in China. By 2005, there were already about 1,200 facilities wholly or partly owned by foreign suppliers, according to the China ...
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    Ningbo HuaXiang picks controlling stake in Fawer Automotive
    Chinese automotive supplier Ningbo HuaXiang Electronic Co. has purchased a controlling interest in Fawer Automotive Parts, the auto parts subsidiary of FAW Group. Under the new ownership structure, HuaXiang owns 49% while 35% is owned by FAW and the rest 16% by the company's management team. HuaXing expects to get the company listed on stock exchanges. Fawer Automotive Parts is now looking forward to boost its non-FAW business to reduce dependency on a single customer. As of now, 90% o...
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    Latest mergers and acquisitions
    Acquirer Acquired Business Sector Comment Argentum Motors Daewoo India Engine & transmission 12 December 2007 - Argentum Motors concluded the acquisition of Daewoo India, involving assets worth INR7.65bn (US$169.8m, 12 December 2007). The acquired company will commence production of engines and transmissions for international original equipment manufacturers (OEMs) in April 2008. The facility will be used as a contract manufacturing centre. It already has an engine and transmission ...
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    Ningbo Huaxiang join hands with FAW
    Ningbo Huaxiang Electronic Co. has formed alliance with Chinese FAW Group to set up a joint-venture called Fawer Automotive Parts, which will supply auto parts to OEMs. It has not yet been disclosed as to what components will be supplied by the new JV. The new joint venture will be started with a paid-in capital of CNY1bn (US$135m).While Ningbo Huaxiang will hold 49% of the Fawer Automotive Parts, FAW will hold 35% stake in the venture. The remaining stake will be held by the management of Fawer...
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    Latest joint-ventures
    Supplier JV Partner Location Comment GM SAIC China 30 November 2007 - GM subsidiary OnStar has entered into a joint-venture agreement with Shanghai Automotive Industry Sales Co. Ltd. (SAISC). The JV will provide advanced automatic crash notification, roadside assistance, remote door unlock, hands-free calling, vehicle diagnostics and turn-by-turn navigation in China from 2009. OnStar and SAISC will each have a 40% stake in the joint-venture. The remaining 20% will be with Shangh...
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    Schefenacker and Ningbo forms joint-venture
    Schefenacker Plc and Ningbo Huaxiang Electronic Company Ltd. have formed a joint- venture – Ningbo Schefenacker Huaxiang Automotive Mirror Co., Ltd. in Zhejiang, Shanghai (China). It will produce exterior mirrors and fuel filter modules for Volkswagen and General Motors in China.The new JV will house a robotic spray application paint shop as well as a fleet of injection molding machines. Its 15,000 square- metre facility is scheduled to start operation in early summer 2008. This is the third s...
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    Chinese automotive parts maker eyes German acquisition
    Ningbo Huaxiang Electronic Corporation is in preliminary talks to invest between CNY1bn- CNY1.5bn (US$133m-US$200m) to buy a German automotive parts maker.The name of the target firm was not disclosed. The German company had sales of about €250m (US$175m) and profits of €25m (US$17.5m) last year. The deal is expected to be finalized within three or four months. The acquisition would be funded by Ningbo’s internal resources and bank lending. Last month, the Chinese automotive component manu...
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    Huaxiang to buy Lawrence Automotive Interiors
    Automotive supplier Huaxiang Group is planning to acquire Lawrence Automotive Interiors. The deal, which is expected to be completed at the beginning of 2007, involves a transaction of US$9.75m for the purchase of Lawrence Automotive Interiors.Lawrence Automotive Interiors is a UK based manufacturer of wood veneer panels and supplies decorative trim components to General Motors and Peugeot in Europe.Huaxiang, based in Ningbo, south of Shanghai in eastern China, supplies plastic components to the...
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    Executive changes in October 2006
    Trelleborg Automotive has appointed Peter Nilsson, President and CEO of Trelleborg, as President of the Trelleborg Automotive Division, effective 1 October 2006. He will replace George Caplea, who has resigned from the company. Nilsson will be responsible for the Trelleborg Automotive until further notice. Dana Corp. has appointed Randy Jarvis as General Sales Manager for OE service customers. Jarvis will also be responsible for Dana and Eaton Roadranger marketing relationship for the companyâ...
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    Ningbo Huaxiang Electronic appoints new CFO
    Ningbo Huaxiang Electronic Co., Ltd. has appointed Jin Liangkai as the new Chief Financial Officer (CFO). He will succeed Mr. Wang Xinsheng, who has recently stepped down. Ningbo Huaxiang Electronic Co., Ltd. manufactures automotive components, electronic products, molds, engine system and air-conditioner system.
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