- Toyoda Gosei (OTCPK:TGOSY) through its regional headquarters in China, Toyoda Gosei (China) Investment Co., Ltd. (TG China), is investing in Wuhan Binyu Auto. Part Co., Ltd.
- The move will strengthen Toyoda Gosei’s supply system for interior and exterior automotive parts in central China.
- Wuhan Binyu is a production company in the Yibin Group (Ningbo Yibin Electronic Technology Corp.) that supplies interior and exterior automotive parts in China’s major automobile manufacturing regions.
- It provides console boxes and cockpit components to Dongfeng Honda Automobile Co., Ltd. and Dongfeng Motor Co., Ltd. (Dongfeng Nissan) in central China.
- Pursuant to the stake, the Toyoda Gosei Group aims to grow its sales in China by merging its engineering and production expertise as a global supplier of plastic parts with the business partnership that Ningbo Yibin has built over many years with automakers in China.
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