Ruixin Tech to Acquire 51% Stake in Deheng Equipment, Accelerating Parts Business Integration

On February 27, Ruixin Technology announced plans to acquire a 51% stake in Wuhu Deheng Automotive Equipment Co., Ltd. through a combination of share issuance and cash payment, along with raising accompanying funds. This transaction constitutes a major asset restructuring, and upon completion, Deheng Equipment will become Ruixin’s majority-owned subsidiary. Ruixin Technology specializes in high-end aluminum alloy components, with clients including BYD. Deheng Equipment focuses on automotive stamping and welding parts, supplying automakers such as Chery and Leapmotor. In 2025, Deheng reported revenue of RMB 922 million and net profit exceeding RMB 75 million. The acquisition aims to achieve product complementarity and customer synergy, enabling the creation of a one-stop supply capability. As the new energy vehicle (NEV) industry accelerates supply chain integration, small and medium-sized component suppliers face mounting pressure to transform, making M&A an increasingly viable strategic path forward. This move also reflects the broader industry trend shifting from pure scale expansion toward leaner, more collaborative operations.