Hisense Group, a global electronics manufacturer group, agreed to acquire a majority stake in Sanden Holdings, an automotive equipment and electrical equipment manufacturing company, for $200m. "By combining Sanden's competitiveness with the Hisense Group's superior cutting-edge technology, in the CASE era, we are confident that we can create greater value for our customers by "creating new changes by ourselves," which is the fusion of the automobile industry and the electrical industry," Sanden.