Bohai Auto Acquisition Expands Automotive Parts Portfolio

Bohai Auto Acquires Stakes in Three Automotive Parts Companies

Bohai Automotive Systems Co Ltd (Bohai Auto) announced the Bohai Auto acquisition of stakes in three automotive parts companies through a combination of share issuance and cash payment. The transaction covers a 51% stake in Beijing Beiqi Mould & Plastic Technology Co., Ltd., a 51% stake in Hainachuan Adient (Langfang) Seating Co., Ltd., and a 50% stake in Langfang Leoni Wiring Systems Co., Ltd. All three stakes were held by Beijing Hainachuan Automotive Parts Co Ltd. The transaction is valued at approximately CNY 2.71 billion, representing a significant expansion of Bohai Auto's automotive components portfolio.

Transaction Ownership and Completion

The transaction involves different ownership levels across the three target companies, reflecting Bohai Auto's acquisition of controlling interests in two businesses and a substantial stake in the third. Bohai Auto acquired 51% of Beijing Beiqi Mould & Plastic Technology Co., Ltd. and 51% of Hainachuan Adient (Langfang) Seating Co., Ltd., while taking a 50% stake in Langfang Leoni Wiring Systems Co., Ltd. The ownership transfer procedures for the acquired assets have now been completed, confirming the registration of the transaction and the transfer of the relevant ownership interests from Beijing Hainachuan Automotive Parts Co Ltd.

Automotive Parts Businesses Covered by the Deal

The three target companies operate across distinct automotive component categories. Beijing Beiqi Mould & Plastic Technology Co., Ltd. is principally engaged in the research and development and manufacturing of plastic automotive trim parts. Hainachuan Adient (Langfang) Seating Co., Ltd. focuses on automotive seat frames and components, while Langfang Leoni Wiring Systems Co., Ltd. specializes in automotive wiring harnesses. Together, the businesses give Bohai Auto exposure to plastic trim, seating systems, and vehicle electrical wiring components through its newly acquired ownership positions.

Strategic Scope of the Acquisition

The acquisition broadens Bohai Auto's participation across several major automotive component categories rather than concentrating on a single product area. The transaction brings together capabilities covering vehicle interior and trim applications, seating structures and components, and wiring harness systems. By completing the ownership transfers in the three target companies, Bohai Auto adds established R&D and manufacturing operations in these areas to its broader automotive systems portfolio. The approximately CNY 2.71 billion transaction therefore represents a multi-business expansion involving complementary automotive component activities and manufacturing capabilities.

Target Companies and Their Core Businesses

Portfolio Expansion Across Key Automotive Components

Through the completed transaction, Bohai Auto gains ownership interests in businesses serving multiple automotive component applications. The acquired operations span plastic trim parts, seating structures and components, and wiring harnesses, providing exposure to different stages and systems within vehicle manufacturing. The deal also involves companies with dedicated R&D and manufacturing activities, supporting Bohai Auto's presence across component development and production. The three businesses remain distinct in their principal product focus, but collectively expand the range of automotive systems and components represented within Bohai Auto's portfolio.

Frequently Asked Questions

What companies did Bohai Auto acquire stakes in?
Bohai Auto acquired a 51% stake in Beijing Beiqi Mould & Plastic Technology Co., Ltd., a 51% stake in Hainachuan Adient (Langfang) Seating Co., Ltd., and a 50% stake in Langfang Leoni Wiring Systems Co., Ltd. The stakes were previously held by Beijing Hainachuan Automotive Parts Co., Ltd. The transaction was completed through a combination of share issuance and cash payment and is valued at approximately CNY 2.71 billion. Registration procedures for transferring ownership of the acquired assets have also been completed.