Reorganization

-On April 1, 2011, Shanghai Automotive Industry Corporation (Group) and SAIC Motor reached an agreement concerning transfer of the Company  shares from the Shanghai Automotive Group to SAIC Motor. Based on this agreement, SAIC Motor will issue shares to Shanghai Automotive in exchange for a 60.1 percent share in the Company . When the transaction is completed, SAIC Motor will become the largest shareholder of the Company Huayu Automotive, with Shanghai Automotive still maintaining control over Huayu. The deal is subject to approval by shareholders and regulatory authorities. The Company's  shares, which had been temporarily suspended from being traded, are back to the stock market since April 6, 2011. (From a press release, April 6, 2011)

Acquisition

-At the beginning of 2011, the Company acquired two subsidiaries of Shanghai Automotive Industry Corporation (SAIC). It purchased a 100 percent stake in both Shanghai Sandmann Foundry Co., Ltd. and Shanghai Xinfu Motorcycle Co., Ltd. The two companies were added to Huayu Automotive’s consolidated financial statements effective January 1, 2011. (From an announcement by the company, April 29, 2011)

Highlights at subsidiaries and affiliates
YAPP Automotive Parts Co., Ltd.
-YAPP Automotive Parts Co., Ltd., a subsidiary of HUAYU, has been chosen by FAW-VW as one of its ten best suppliers for fiscal year 2010 at a supplier meeting held by the automaker. In the past, the company also won the "Excellent Quality Award" for fiscal year 2008, as well as both the "Excellent Supplier Award" and the "Excellence in Product Development Award" for fiscal year 2007 from FAW-VW. During 2010, YAPP Automotive Parts supplied 500,000 fuel tanks to FAW-VW, which made up 56.97 percent of all fuel tanks required by FAW-VW. In addition, YAPP Automotive Parts won a new program business to deliver fuel tanks for Volkswagen's A-platform series. Preparations are being made to supply more than 600,000 fuel tanks per year, starting in 2012. (From a press release, January 14, 2011)

Shanghai Sekely Die Technology

 -On January 22, 2011, Shanghai Sekely Die Technology, a joint venture of the Company, was awarded the Shanghai GM's Best Supplier Award for fiscal year 2010 at the automaker's award presentation ceremony. This is the second time for the company to receive such honorary award since it won the same prize in fiscal year 2009. (From a press release, January 26, 2011)

Technological cooperation

-February 16, 2011, Shanghai Behr Thermal System Co., Ltd., which is a subsidiary of Shanghai Sanden Behr Automotive Air Conditioning Co., Ltd., and Shanghai Jieneng Automotive Technology Co., Ltd. of the SAIC Group signed an agreement to conduct a joint development project on thermal control systems for new energy vehicles. Behr's Shanghai operation will play an important role in the field, as Behr of Germany and the SAIC Group are fostering collaboration in the thermal control technology. The collaboration will also help Shanghai Behr enhance local business and improve customer services. (From news releases issued by multiple sources on February 16, 2011)