Luxshare Precision Intends to Take Control of Jingxi Heavy Industry

[Investment & M&A] Luxshare Precision plans to acquire a 59.5% stake in Jingxi Heavy Industry, accelerating its entry into the core automotive components sector.

Key Development: Consumer Electronics Giant Indirectly Takes Control of Veteran Automotive Supplier

On March 30, Luxshare Precision signed an agreement with Jingxi ZhiXing Group to acquire all of its equity interests, thereby indirectly obtaining approximately 59.5% of the shares in Jingxi Heavy Industry (Jingxi International) and becoming its ultimate controlling shareholder. If completed, this transaction will mark another pivotal move by Luxshare in the automotive sector following its acquisition of Germany’s Leoni.

Strategic Rationale: Deepening Transformation from EMS Provider to Smart Automotive Tier 1 Supplier

Jingxi Heavy Industry has long specialized in chassis systems, possessing core technologies in braking and suspension. This acquisition underscores Luxshare Precision’s strategic ambition to expand deeply from consumer electronics into the intelligent electric vehicle supply chain. The company has already filed for a whitewash waiver with the China Securities Regulatory Commission (CSRC), which has granted preliminary approval.

Market Reaction: Share Price Surges Nearly 50% on First Trading Day After Resumption

Jingxi International’s stock resumed trading on May 11, surging by over 80% intraday and closing with a gain of 49.33%. The board stated that the change in control will not materially impact existing operations.