Gasgoo Munich- Toyota Boshoku Huaqin (Shanghai) Automotive Electronics Co., Ltd. officially opened its doors in Shanghai on June 30.
Established as a joint venture between Toyota Boshoku (China) and Huaqin Technology, with respective stakes of 51% and 49%, the launch marks a shift into substantive operations for smart cockpit control products and software. It also accelerates the deep integration of automotive interiors and intelligent electronics.
Image Source: Toyota Boshoku (same below)
A "Body" and "Brain" Alliance
According to corporate filings, the joint venture will focus on the R&D and manufacturing of smart cockpit control products and software. Its goal: to develop a "new generation smart mobility space" where the car is no longer just a transport tool, but a more intuitive "third living space."
Why target this space?
Data from Future Market Insights projects the global automotive interior market will reach sales of roughly $170 billion by 2025, climbing to $220 billion by 2030 and reaching $280 billion by 2035.
Driving that growth, advancements in new energy, smart driving, and AI are transforming vehicles into intelligent third spaces. Consumers are no longer satisfied with basic mobility; they demand expanded functionality, smart interaction, digital experiences, and personalization.
That means relying solely on materials and craftsmanship no longer suffices. Traditional interior suppliers must integrate electronic control and software capabilities to enhance cabin responsiveness and interaction.
This is exactly why the two sides have joined forces.
Toyota Boshoku brings decades of expertise in seats and interiors, with deep expertise in human-machine interaction and high-quality mobility spaces. Huaqin Technology, meanwhile, offers comprehensive strength in automotive electronic domain controllers, in-house software development, and scalable smart manufacturing.
As Wang Jian, general manager of the joint venture, put it: Toyota Boshoku provides the "body and skeleton" of the cabin, while Huaqin Technology supplies the "smart brain and nerves." By fusing their strengths, the partners aim to secure a position in the smart cockpit sector.
The rapid iteration and scaling expertise Huaqin accumulated in consumer electronics helps bridge the rhythm gap in software development and electronic architecture that affects the traditional automotive supply chain.
Huaqin Technology is currently advancing its "3+N+3" global smart product platform strategy, with automotive electronics identified as one of three emerging businesses. Through this partnership, Huaqin can port its R&D capabilities into professional, automotive-grade scenarios, while Toyota Boshoku leverages Huaqin's technology to accelerate the rollout of intelligent interior products tailored for Chinese consumers.
Both management teams made their stance clear during opening remarks.
Masayoshi Shirayanagi, president of Toyota Boshoku, described the project as a co-creation effort built on complementary strengths and mutual trust. Toyota Boshoku, he said, will work with Huaqin Technology to deeply integrate manufacturing quality with electronic software capabilities, maintaining a long-term commitment to the Chinese market.
Qiu Wensheng, chairman and CEO of Huaqin Technology, called the partnership a significant opportunity. "Relying on our group's '3+N+3' smart product platform strategy, the automotive electronics business has become a carrier for Huaqin's comprehensive smart product and technical capabilities," he said. "We look forward to fully leveraging our respective industrial advantages to steadily advance the joint venture's business operations in the domestic market."
Product Roadmap and Global Ambitions
With the joint venture now established, its business roadmap reveals a phased approach, steadily advancing on the back of existing resources.
According to Wang Jian, the product portfolio covers the development and supply of automotive electronics—specifically interior ambient lighting, ECUs (electronic control units), ZCUs (zone controllers), displays, and cockpit control terminals. These aren't futuristic concepts; they are high-demand categories tightly integrated with interiors in today's smart cockpits.
Notably, the new company has already secured several mass-production projects through team collaboration. That indicates the partnership isn't starting from scratch, but rather scaling up and accelerating existing cooperation.
In terms of development pace, the joint venture has mapped out a progressive path: starting with pre-development and client proposals for smart cockpit electronics, moving to platform development and orders for ECUs and ambient lighting, and finally expanding to customized development and orders for displays, control terminals, and body domain controllers.
This approach balances short-term commercial returns with long-term technical accumulation. Platform-based products ensure cash flow and economies of scale, while customized development builds deep capabilities and customer stickiness.
To shape its competitiveness, the joint venture has identified "reliable quality, advanced technology, low cost, short development cycles, and rapid response" as core advantages. It plans to leverage the parent companies' market insights for product planning while using innovative technology and industrial systems to guarantee high quality as it expands in China.
Notably, it has an international vision. While basing its operations in China to cultivate local business, the joint venture plans to tap Toyota Boshoku's global network to push products developed in China onto the world stage.
This isn't merely about "exporting substitutes"—it's about leveraging the intensity of China's smart-technology competition and its scale effects to validate and iterate products first, then feeding mature solutions back into Toyota Boshoku's global system. For a joint venture, this "China R&D, Global Output" positioning capitalizes on local speed while gaining support from global distribution channels. Its potential far exceeds that of a purely regional supplier.
