Ningbo Huaxiang plans to acquire Aichi's China business for RMB 600 million

Ningbo Huaxiang plans to acquire six subsidiaries of Aichi Group in China through its wholly-owned subsidiary, with a total purchase price of approximately RMB 600 million. Aichi China focuses on the development and manufacturing of automotive interior components and has rich R&D and production experience. This acquisition will help Ningbo Huaxiang expand its influence in the interior industry and increase its market share.