Luxshare Precision Acquires Control of Jingxi International to Enter Smart Chassis Market

[M&A] Luxshare Precision plans to indirectly acquire a 59.5% stake in Jingxi International, entering the automotive Tier 1 supplier space.

Core Development: Apple Supply Chain Giant Secures World's Only Mass-Production Capability for Magnetorheological Suspension

Luxshare Precision announced on May 10, 2026, its intention to acquire all equity interests in Jingxi Intelligent Mobility Group, thereby indirectly gaining control of approximately 59.5% of Hong Kong-listed Jingxi International (HKEX: 02339). The next day, following resumption of trading, Jingxi International’s share price surged by over 83% intraday.

Key Metrics: 12 Million Shock Absorbers and 140 Patents Build Technological Moat

Jingxi Heavy Industry, formerly known as Jingxi International’s predecessor, acquired Delphi’s chassis business in 2009 for USD 90 million, becoming the world’s only company capable of mass-producing magnetorheological shock absorbers. It has shipped more than 12 million units to date and holds over 140 core patents.

Strategic Foundation: Transitioning from Consumer Electronics Connectors to Smart Chassis Tier 1 Supplier

This acquisition marks Luxshare Precision’s accelerated entry into the smart chassis segment, leveraging Jingxi’s rare capabilities in electronic suspension control systems to achieve a critical transformation—from the leading Apple supply chain player to a system-level automotive supplier.