Shanghai Automotive Brake Systems Co., Ltd.
-The company is a joint venture between Huayu Automotive Systems Company Limited and Continental AG, and one of the largest suppliers in China of anti-lock brake systems (ABSs), brake calipers, and brake master cylinder assemblies with vacuum boosters.
-Its major product lines are electronic brake systems, hydraulic brake systems, brake calipers, and vacuum boosters.
-Unlisted (As of December 31, 2020)
|Company name||Ratio of shareholding (%)|
|Huayu Automotive Systems Company Limited||
-Electronic Parking Brake System
-Brake hose assembly
-Hydraulic brake hose
|1993||Established as a joint venture between Shanghai Automotive Industry Corporation (Group) (60%) and ITT Automotive (40%).|
|July 1995||Started brake production.|
|1997||Started ABS production.|
|1998||ITT's brake and chassis division was acquired by Continental (Germany) and was established as Continental Teves. As a result, the Company was under the control of Continental Teves.|
|2002||The Company established a winter testing center for electronic brake systems (EBSs) in Heihe City, Heilongjiang Province.|
|Jan. 2004||Merged with Shanghai Automotive Brake Actuation Co., Ltd.|
|2008||Due to the reorganization of Shanghai Automotive Industry Corporation (Group), SAIC transferred the shares of stock it owns in the Company to its subsidiary Huayu Automotive Systems Company Limited.|
|Nov. 2010||Huayu Automotive acquired another 1 % shareholding from Continental, turning the shareholding ratio to 51:49.|