Brose and HASCO have renewed the contract for their joint venture Shanghai Brose Automotive Components for another 25 years.
In 1999, Brose and STEC, a subsidiary of HASCO, established a joint venture to set up Brose’s first production bases. Since then, the company has produced 90m products for national and international car manufacturers.
Around 320 employees develop and manufacture door modules, window regulators, seat structures, cooling fan modules and latches.
Brose and HASCO will continue with the original shareholding of 60% and 40%.
The company plans to boost product development capability for power liftgates and cooling fan modules.
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