08 July 2020

Wonder Auto Group invests in e-Mobility business of thyssenkrupp AG

King & Wood Mallesons (KWM) has advised Jinzhou Halla Electrical Equipment Co., Ltd. (JHEECO), a wholly owned subsidiary of the Chinese Wonder Auto Group Limited, on its investment in the electromobility business of thyssenkrupp AG.

JHEECO is a leading Chinese manufacturer of electronic products for the auto industry and produces in particular electric generators and starters for auto manufacturers. The company was founded in 1996 and has become the market leader in this product segment in China. 

Several years ago, thyssenkrupp AG established the "e-Mobility Competence Center" in Liechtenstein. The e-mobility business is mainly run by teams in Liechtenstein and Hungary and includes in particular research and development activities. The key intellectual property rights of the business unit are held by the thyssenkrupp parent company in Germany. 

Together with partner law firms in Switzerland, Hungary, Germany (regarding IP issues) and Liechtenstein, the Frankfurt-based KWM team advised JHEECO on the acquisition of the "Competence Center e-mobility" business unit by way of an asset deal. The assets, including the IP rights for the e-mobility business, were spun off from the thyssenkrupp group and transferred to a newly established Swiss company. 

The corona pandemic significantly delayed the closing of the transaction. The purchase agreement was already signed in January 2020. 

Advisors to Jinzhou Halla Electrical Equipment Co., Ltd.:

Hui Zhao (partner), Dr. Sandra Link (partner) (both Corporate/M&A)

Media Contact

Share on LinkedIn Share on Facebook Share on Twitter
    You might also be interested in

    KWM advised Silbitz Group GmbH on merger control aspects in connection with the acquisition of the iron foundry Eisengießerei Torgelow GmbH.

    13 October 2021

    KWM strengthens its German practice with Martin Gliewe (certified specialist in employment law) who joins the KWM team as Counsel in October 2021.

    01 October 2021

    KWM has advised the shareholders of REDNET AG on a partnership investment with Converge Technology Solutions Corp.

    12 August 2021

    KWM has advised Marondo Capital GmbH as well as further shareholders on the sale of all shares in Datavard AG to SNP Schneider-Neureither & Partner SE.

    03 August 2021

    You may also be interested in...

    This site uses cookies to enhance your experience and to help us improve the site. Please see our Privacy Policy for further information. If you continue without changing your settings, we will assume that you are happy to receive these cookies. You can change your cookie settings at any time.

    For more information on which cookies we use then please refer to our Cookie Policy.