According to a comprehensive foreign news report, the German Lenny Group has acquired a 51% stake in Wuhan Hengtong Automotive Wire Harness Co., Ltd. Since then, Lenny, the leading supplier of wire harness systems in Europe, will become a component supplier to Dongfeng Motor Corporation and will use this as an opportunity to accelerate its development in the Asian market. An electric vehicle is a type of vehicle that uses electricity as its power. In the past few decades, with the increasing awareness of environmental protection and concerns about the emission pollution of traditional fuel vehicles, electric vehicles have received increasing attention and favor from people. Electric Suv Car,Small Electric Vehicle,Pure Electric Compact Car,Pure Electric Suv Car Chongqing Huanyu Automobile Sales Company , https://www.huanyuautos.com
Lenny and Hengtong have signed an acquisition contract a few days ago. According to the agreement, Lenny will hold a majority stake in the latter and become a component supplier to Dongfeng Motor. Moreover, the supplier will produce and supply wire harness systems for local Chinese automakers, especially Dongfeng Motor, China's second largest automaker. In the first phase of the project, Lenny will supply a wire harness system for Dongfeng and PSA's joint venture, Shenlong Automobile.
Located in Hubei Province, Wuhan Hengtong has a factory area of ​​over 13,000 square meters and employs nearly 1,000 people. Hengtong Auto Wire Harness is expected to have a turnover of 35 million Euros in 2016. Lenny said that the company's turnover will be raised to hundreds of millions of euros.
After the acquisition, the performance of Wuhan Hengtong will be fully included in the financial report of the Lenny Group. Lenny is expected to spend three months to complete the acquisition of Hengtong.
With the increasing reduction of global natural resources and the intensification of environmental pollution issues, electric vehicles, as an environmentally friendly means of transportation, have begun to receive public attention. Due to the use of electric energy as energy, electric vehicles have lower pollution and noise compared to traditional fuel vehicles, reducing the harm caused by exhaust emissions to the atmospheric environment.