ANTOLIN
China JV for automotive electronics / Move suits strategic shift
Spanish car interior components supplier Grupo Antolin (Burgos; www.grupoantolin.com) has announced a joint venture with China’s NAEN Auto Technology (Shanghai) to make integrated electronic solutions for the auto industry. The venture will supply BMW, General Motor, Toyota, Honda, Volvo, Geely and other major OEMs, the Spanish partner said.
The partners ink the deal in Shanghai (Photo: Antolin) |
Antolin noted that NAEN is a leader in China’s automotive electronics sector and specialises in passive entry passive start systems (PEPS) and other car management functions. The Shanghai-based joint venture plans to develop advanced integrated electronic products cars with high degrees of integration.
“This strategic agreement, along with the partnership signed with AED Engineering in Europe [Munich / Germany; www.aed-engineering.com] a few months ago, will bolster the work of Antolin’s Electronic Systems Business Unit, which was launched in early 2020 as part of the company's new strategy,” the Spanish company said.
The Chinese venture seems to dovetail with company’s strategy shift, which was announced at the end of 2019. Antolin is working to develop integrated components for electronics and lighting in autonomous and electric vehicles, and the business unit dedicated to the technology has already entered a number of partnerships (see Plasteurope.com of 29.04.2020).
22.03.2021 Plasteurope.com [247201-0]
Published on 22.03.2021