Huf Group to form China JV on TPMS

Velbert, Germany – German automotive supplier Huf Hülsbeck & Fürst signed a letter of intent in July with Shanghai’s vehicle components maker Baolong Automotive to form a joint venture on tire pressure monitoring systems (TPMS).

The official contract will be signed in September and tnew company, 55/45 owned by Baolong and Huf Group, will be launched in January 2019, said the press release.

It will combine the former’s TPMS unit with 400 employees in Shanghai and Wuhan as well as the latter’s with over 200 employees in…

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