TOKYO , Mar. 21, 2018 –
Having built up a wealth of expertise and technology through joint ventures, Chinese autoparts makers have set their sights on global expansion.
Many companies were happy to oblige when foreign manufacturers sought local partners to enter the Chinese market. But many of the companies involved in tie-ups now find they have diverging objectives.
Huayu Automotive Systems is set to buy Japanese headlight maker Koito Manufacturing's stake in a joint venture for about $244 million this month.
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