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Yesterday, Ningbo Huaxiang Electronics Co., Ltd. and Germany's Sellner Group signed an agreement at Ningbo Marriott Hotel. According to the agreement, Ningbo Huaxiang will invest 30 million euros to acquire foreign assets and businesses. Through this acquisition, Ningbo Hua Xiang will add a number of overseas production bases such as the United States, Germany, and the Czech Republic, occupying the second position in the global automotive interior trim market share.
According to Zhou Xiaofeng, Chairman of Ningbo Huaxiang Company, “The acquisition of Ningbo Huaxiang will introduce an overseas operation team, accelerate the organic integration of both parties, improve the international distribution, and challenge the industry leader.â€
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Ningbo Huaxiang Electronics Co., Ltd. was established in 2001. The company is a professional auto parts manufacturer engaged in the R&D, production, sales and after-sales service of auto parts. Especially in April 2006, the company successfully controlled the company through Changchun Muffler Factory. Into the production of automotive metal parts.