W ang Jianfeng is a Chinese billionaire and the chairman of Ningbo Joyson Electronic, a major global manufacturer of automotive parts. He took over the family business and has been the driving force behind its transformation from a domestic Chinese auto parts supplier into a global giant through a series of ambitious and large-scale international acquisitions. Under his leadership, Joyson has become a key player in the automotive safety and electronics sectors.
The company's most significant acquisitions include the German automotive supplier Preh, which specializes in in-car control systems; the U.S.-based automotive safety systems maker Key Safety Systems (KSS); and, most notably, the assets of the bankrupt Japanese airbag manufacturer, Takata. The Takata acquisition, despite the company's troubled history, made Joyson one of the world's largest producers of automotive safety components like airbags and seatbelts. This aggressive acquisition strategy has made the publicly traded Joyson a key global supplier to nearly every major automaker.
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