INERGY steps up its development in China, the world's largest automobile market

INERGY and BAIC create a joint venture

On 11 July 2011, Inergy Automotive Systems announced the creation of a joint company with Beijing Hainachuan Automotive Parts Co Ltd (BHAP), a subsidiary of Beijing Automotive Industry Co (BAIC). The joint venture is owned 40% by BHAP and 60% by INERGY.

BAIC is one of China's leading automobile manufacturers, selling cars in the local market under its own brand and through its joint ventures with Mercedes Benz and Hyundai.

The transaction strengthens INERGY's growth potential in China by creating a cooperative relationship with BAIC and its partners Mercedes and Hyundai in China.