Hella Group is to start a joint venture with BAIC and has inked the contract for the founding of Beijing Hella BHAP Automotive Lighting.
The operational start-up of the company will take place following official approval by the authorities, which is scheduled for the beginning of September.
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A statement from Hella noted: “The aim of this equal business partnership, which has a nominal capital of approximately EUR30m (US$41m) is to exploit the available infrastructure and to expand the already existing Hella location in Beijing by turning it into a full service provider of car lighting.
“By means of this planned joint venture, Hella can bring its technological expertise to one of the fastest-growing Asian automobile manufacturers and thereby further develop its role as the leading lighting specialist on the expanding Asian market.”
