MAHLE Stake Sale Announcement

MAHLE Sells 40% Stake in Langfang Kokusan Electric

Date: January 27, 2025

MAHLE has announced the sale of its 40% minority stake in Langfang Kokusan Electric Co., Ltd., with 28.5% being acquired by Langfang Jinrun Technology Group Co., Ltd. and 11.5% by Langfang State-owned Assets Business Co., Ltd. The agreement was signed on January 27, 2025.

Langfang Factory

Langfang Kokusan Electric Co., Ltd. produces electric motors, generators, and other electrical products for the automotive and leisure equipment sectors. The deal is pending customary regulatory approvals and is expected to be finalized in the first half of 2025.

MAHLE has been a financial investor in Langfang Kokusan Electric since 2015. The other stakeholders include Langfang GoldRain Technology Group Co., Ltd. (27.5%), Langfang State-owned Assets Business Co., Ltd. (22.5%), and Japanese company Okaya & Co., Ltd. (10%).

“This divestment aligns with our long-term portfolio strategy,” said Markus Kapaun, CFO and member of the MAHLE Group Management Board. “By transferring our shares to the Chinese co-shareholders, Langfang Kokusan Electric can focus on its growth and future success in China.”
MAHLE Future Strategy

MAHLE confirmed that its electrification strategy for China remains unchanged and continues to be a vital part of its global operations.

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