27.04.2018
HELLA GmbH & Co. KGaA DE000A13SX22
DGAP-News: HELLA GmbH & Co. KGaA: HELLA and BHAP launch electronics joint venture in China
DGAP-News: HELLA GmbH & Co. KGaA / Key word(s): Joint Venture
HELLA GmbH & Co. KGaA: HELLA and BHAP launch electronics joint venture in
China
27.04.2018 / 11:30
The issuer is solely responsible for the content of this announcement.
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HELLA and BHAP launch electronics joint venture in China
- HELLA BHAP Electronics Co., Ltd. meets rising demand for electronic
components
- Start of series production by the new joint venture expected for early
2020
Lippstadt/Beijing, April 27, 2018. The lighting and electronics expert HELLA
continues to expand its presence on the Chinese market by launching a new
joint venture dealing in electronic components with the company BHAP, which
is part of the BAIC automotive group. The signing of the contract for the
founding of the joint venture to be known as HELLA BHAP Electronics
(Jiangsu) Co., Ltd. took place on April 26, 2018 on the occasion of the
Beijing Auto Show. The official founding of the joint venture is planned for
the second half of the current calendar year. HELLA has already been engaged
in a joint venture for lighting systems with BHAP since 2014.
"China is one of the fastest growing automotive markets in the world.
Because of automotive market trends such as autonomous driving,
digitalization and electrification, we expect a continuously increasing
demand for our electronic components", explained HELLA CEO Dr. Rolf
Breidenbach. "With BHAP we have a reliable partner by our side who will
enable us to serve the demand in an optimal way and with whom we have
already cooperated in the past with the utmost confidence."
During the signing ceremony of the contract, BHAP Chairman Cai Suping also
emphasized the following point: "This new joint venture profits from
integrating both the market access of the BAIC group and the technological
expertise of HELLA in the field of sophisticated electronics components. The
cooperation between HELLA and BHAP in the field of electronics is an
important part of the strategy for BHAP. This way, we will further enhance
our internationalization and strengthen the production and development
capabilities in order to become a global automotive supplier."
HELLA BHAP Electronics is the second joint venture which HELLA has
established together with BHAP and it is the first such undertaking dealing
with electronics components for HELLA in China. The joint venture will be
borne by the two partners in equal shares. The production facility of this
joint venture will be located in Zhenjiang where a new electronics plant is
being currently set up. The plant will initially comprise a production area
of 7,000 square meters and will provide work for more than 200 employees. It
is planned to commence series production at the beginning of 2020 with the
first product groups being various electronic control units for customers of
the BAIC Group. The outlook is that the product portfolio will be extended
to include components concerned with energy management and driver
assistance.
Currently HELLA has more than 6,000 members of staff working in the
Asia-Pacific region. In the fiscal year 2016/2017 HELLA achieved sales there
amounting to more than 1 billion euros. The most important single market in
the entire region is China.
Please note:
This text and corresponding photo material can also be found in our press
database at:
www.hella.com/press
HELLA GmbH & Co. KGaA, Lippstadt: HELLA is a global, family-owned company,
listed on the stock exchange, with more than 40,000 employees at over 125
locations in some 35 countries. The HELLA Group develops and manufactures
products for lighting technology and electronics for the automotive industry
and also has one of the largest retail organizations for automotive parts,
accessories, diagnostics, and services within Europe. With more than 7,000
people working in research and development, HELLA is one of the most
important innovation drivers on the market. Furthermore, with sales of 6.6
billion euros in the fiscal year of 2016/2017, the HELLA Group is one of the
top 40 automotive parts suppliers in the world and one of the 100 largest
German industrial companies.
For additional information please contact:
Dr. Markus Richter
Company spokesman
HELLA GmbH & Co. KGaA
Rixbecker Strasse 75
59552 Lippstadt, Germany
Germany
Phone: +49 (0)2941 38-7545
Fax: +49 (0)2941 38-477545
[email protected]
www.hella.com
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27.04.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: HELLA GmbH & Co. KGaA
Rixbecker Str. 75
59552 Lippstadt
Germany
Phone: +49 (0)2941 38-7125
Fax: +49 (0)2941 38-6647
E-mail: [email protected]
Internet: www.hella.de/ir
ISIN: DE000A13SX22
WKN: A13SX2
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Munich,
Stuttgart; Regulated Unofficial Market in Berlin,
Dusseldorf, Tradegate Exchange; Luxemburg
End of News DGAP News Service
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