Huayu Automotive Systems Co. Ltd. (SHA: 600741) agreed to buy the other half of its Chinese joint venture from partner Visteon Corp. (NYSE: VC), a supplier of interiors systems to automotive manufacturers.

As part of a plan to shift the company’s focus to core businesses, Visteon opted to divest the 50 percent stake it owned in Chinese joint venture Yanfeng Visteon Automotive Trim Systems Co. Ltd., to Huayu for about $1.5 billion.

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