Autoneum has acquired Chengdu Yiqi-Sihuan Automobile Interior Co., Ltd., strengthening its position in the Chinese automotive market.

Target Information

Autoneum has successfully completed the acquisition of Chengdu Yiqi-Sihuan Automobile Interior Co., Ltd., a prominent supplier of acoustic and thermal management solutions in China’s automotive sector. Established in 2011, Chengdu Yiqi-Sihuan operates four production facilities across the country and employs around 240 personnel. It has established itself as a key supplier to major Chinese original equipment manufacturers (OEMs), including FAW-VW, FAW-Audi, FAW-Toyota, and Geely. In 2024, the company recorded revenues of approximately CHF 27 million, with significant potential for growth anticipated in subsequent years.

Industry Overview in China

The automotive industry in China is the largest in the world, driven by increasing consumer demand, technological advancements, and supportive governmental policies. As a leading hub for automotive production, China has seen rapid growth in electrification, autonomous driving technology, and sustainable practices. These evolving trends have intensively reshaped the market, with both domestic and international players navigating an ever-changing landscape.

Furthermore, the Chinese government has enacted a series of initiatives to promote electric vehicles (EVs) and reduce carbon emissions, effectively reshaping the competitive landscape