Mahle plans to sell 40% stake in Langfang Kesen Electric

German automotive parts supplier Mahle plans to sell its 40% stake in Langfang Kesen Electric Co., Ltd. to two other common shareholders. Among them, 28.5% of the shares will be acquired by Langfang Jinrun Technology Group Co., Ltd., and the remaining 11.5% will be taken over by Langfang State-owned Assets Management Co., Ltd. The three parties signed a transfer contract on this matter on January 27, 2025.