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News from China Wonder Auto Technology Inc reveals that it has bought over 38 percent of the shares of Applaud Group Limited recently. At the same time, Wonder also controls Jinsheng Automotive Safety Technology Holdings Ltd. It means that Wonder Auto Technology can access into auto safety and electronic systems market. The acquisition will help Wonder Auto fully use its customer bases, expanding cross-selling, upgrading R&D capability, sharing technologies and increasing value-added services of existing products.
China Wonder Auto Technology Inc, a Chinese auto parts maker, specializes in the designing, development, manufacture and sale of auto electrical parts, alternators and starters. It is growing very fast in recent years. Jinsheng Automotive Safety Technology Holdings Ltd is a hi-tech auto parts supplier and lists in the Hong Kong Stock Exchange. It mainly engages in develops and manufactures components of auto passive safety restraint systems, auto engine electronic injection management systems (EMS), and components of diesel engines.