On February 12, Zhucheng Technology announced the signing of an equity transfer agreement with Devia Jia Automotive Electronic Systems (Wuxi) Co., Ltd. and its shareholders. Under the terms of the agreement, Zhucheng Technology will acquire a 20% stake held by Miao Weihan, Yao Xiang, and Wang Yan for a total consideration of RMB 40 million. Upon completion of the transaction, Devia Jia will become an equity subsidiary of Zhucheng Technology.
Devia Jia specializes in the research, development, and production of high-frequency and high-speed automotive connectors. Its product portfolio encompasses four key categories: Fakra, HFM, HSD, and H-MTD. These connectors are predominantly utilized in intelligent driving systems, smart cabins, and in-vehicle infotainment systems, underscoring Devia Jia's commitment to advancing automotive technology.
