China's Yanfeng acquires 30% stake from Adient in existing JV for $379m

China's Yanfeng acquires 30% stake from Adient in existing JV for $379m

Chinese automotive supplier Yanfeng Automotive Trim Systems Co., Ltd. (Yanfeng) has agreed to acquire 30 per cent stake from Ireland-headquartered Adient Plc, a global leader in automotive seating, in a JV company set up by the two companies in 2015, according to an announcement.