Luxshare Acquires Jingxi Zhihang to Enter Automotive Parts Market

On May 10, Luxshare Precision Industry Co., Ltd. (SZSE: 002475) announced it has agreed to acquire all equity interests in Jingxi ZhiXing Group. Upon completion of the transaction, Luxshare will become the ultimate controlling shareholder of Jingxi International (HKEX: 02339). Jingxi ZhiXing Group was established in 2022 and is controlled by state-owned capital from Zhangjiakou. It entered the automotive components sector through the acquisition of Jingxi Beijing. Jingxi Beijing, in turn, entered the industry in 2009 by acquiring Delphi’s chassis systems business in the United States. Both Jingxi ZhiXing Group and Jingxi International are automotive component manufacturers. This acquisition will expand Luxshare’s presence in the automotive components sector, particularly in the area of new energy vehicle (NEV) components. The specific terms of the transaction have not been disclosed.