HUAYU Automotive Systems Co., Ltd. (HASCO) announced in recent days that it plans to sell its 50 stake in Shanghai TRW Automotive Safety Systems Co., Ltd. (Shanghai TRW) to TRW Asia Pacific Co.,Ltd (TRW Asia) with a value of RMB80.71 million.
Main productsIntelligent Driving Advanced Driver Assistance Systems (ADAS): LiDAR, camera, ADAS domain controller, forward millimeter-wave radar Intelligent Lighting: vehicle lighting (headlights + taillights), headlamp, taillamp, lighting domain controller, digital lighting system Intelligent Chassis: chassis electronic module, rear subframe module, suspension module, front subframe module, electric power braking system, electric vacuum pump, brake hose, electric parking brake system, vacuum booster, intermediate drive shaft, ECU four-wheel drive control unit, torque manager, rear axle final drive unit, transfer case, constant velocity joint drive shaft, differential, output shaft, intermediate shaft, electrically adjustable steering column, front/rear brake caliper Intelligent Cockpit Interior System: cockpit and instrument panel, door panel, center console, overhead console, hard trim Intelligent Safety: steering wheel, airbag, seat belt, safety system integration Cockpit Electronics: infotainment system, cockpit domain controller, in-vehicle display system, cockpit electronic connection system Seating System: complete seat, seat cover, seat foam, headrest, armrest, seat frame, mechanical components - slide rail, mechanical components - recliner, mechanical components - adjuster, mechanical components - locking mechanism, mechanical components - motor Exterior and Body Bumper Tailgate Liftgate Grille Wheel cover Front-end structure Rockers Adaptive cruise control cover Body accessories Power battery case: battery case tray assembly, battery case upper cover, integrated water-cooled housing, water-cooling plate Cell structural components Active grille shutter Front-end carrier Fender flare Aluminum body components: four doors and two hoods, aluminum wheel housing, front compartment, front/rear floor, aluminum battery case bracket, front/rear longitudinal beam, main body structural components Intelligent Powertrain Electric Drive System: generator, main drive motor, auxiliary drive motor, permanent magnet synchronous motor, asynchronous motor, motor controller Thermal Management System: refrigerant circuit/water circuit integrated module, thermal management controller, heat pump controller, condenser, evaporator, battery cooler, blower, electric auxiliary heater Air Conditioning System Electric Compressor: mechanical scroll mechanism, inverter controller Electric Pump: electric oil pump, electric water pump, electric vacuum pump Conventional Powertrain Components: cylinder head, high-pressure aluminum cylinder block, piston, transmission housing, dry/wet clutch module, torque converter, bearing cap, crankshaft, balance shaft, engine bearing, bushing, thrust washer 48V Hybrid System Fuel Tank System Energy Storage System Exhaust System: exhaust heat recovery system (EHRS), electric heater carrier technology (E-Heater), cold start thermal unit (CSTU), turbo bypass emission control technology (Turbo Bypass)
Main productsSystems, integrated control and driver assist systems, braking systems, steering systems, suspension systems, seat belts, airbags, occupant restraints, electronics (e.g. airbag electronic control units, sensors)
Shanghai (Gasgoo)- HUAYU Automotive Systems Co., Ltd. (HASCO), a Chinese auto component maker, announced in recent days that it plans to sell its 50 stake in Shanghai TRW Automotive Safety Systems Co., Ltd. (Shanghai TRW) to TRW Asia Pacific Co.,Ltd (TRW Asia), a wholly-owned subsidiary of the U.S.-based TRW Automotive, with a value of RMB80.71 million.
Established in April 1997, Shanghai TRW Automotive Safety Systems Co., Ltd. is a joint venture founded by TRW Automotive China Holdings Ltd. and HASCO in China. It is responsible for producing SBS, IRS, SWS and related parts.
TRW Automotive is an American global supplier of automotive systems, modules, and components to automotive original equipment manufacturers (OEMs) and related aftermarkets. In 2015, it was acquired by German ZF Friedrichshafen.
As one of SAIC Motor's subsidiaries, HASCO works on providing such auto parts as automotive interior, seats and other related functional accessories for its parent company. It noted in the latest announcement that transferring 50% stake in Shanghai TRW is about to quickly form the ability of independent R&D, manufacture, production and market development in automotive safety belt, air bag and steering wheel areas by efficiently integrating relevant technologies and corporate resources, so as to offer superior products and services to vehicle users.
An executive of HASCO told local media that the company aims to focus on developing its own automotive safety system business, thus it opts to abandon the joint venture business.
Meanwhile, HASCO will also acquire the 50% stake in Shanghai Sachs Powertrain Components Systems Co., Ltd. (Sachs Powertrain) which is controlled by ZF (China) Investment Co., Ltd. at a price of RMB65.16 million, the company said on the same day.
Established in January 2002, Sachs Powertrain is a joint venture founded by ZF (China) Investment Co., Ltd. and HUAYU Automotive Systems Co., Ltd. in China. It is responsible for development, production and sales of torque converters and clutches for passenger car powertrains, serving such OEMs as SAIC Volkswagen, SAIC-GM, SAIC Motor PV, SAIC-GM-Wuling, FAW-Volkswagen, Changan Ford, Geely Auto, Jiangling Motors and Great Wall Motor, etc.
HASCO said it will support Sachs Powertrain in the self-development of transmission system module business after the stake acquisition completes. The powertrain subsidiary will still retain its existing clutch business and the advantage in automotive supporting devices and aftermarket services, whilst independently developing the CVT-used torque converters, dual mass flywheels and hybrid modules.
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