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In 2001, Siemens acquisition of Europe, 2002 Central European Electronics Industry Co., Ltd. changed its name to Siemens VDO Automotive Electronics (Huizhou) Co., Ltd.. Siemens VDO Global business is divided into three branch are powertrain, safety, and interior trim, interior trim including navigation cassette players, air conditioning controller and interior body management, Huizhou company business belongs three branches. Spent a few years to better things, with the Siemens VDO, Continental acquired the development of a number of areas in digital audio and video, mobile communications, new battery, precision components, LED display Desai Group decided to abandon the automotive electronics piece of non-core business. To give up another important reason is to meet the first few times of Desai Group and the company's new shareholders Continental experience each other's respect. Allegedly, Desai, chairman, president, Jiang Jie, once said: If today Siemens VDO, then, we will not sell, it will not retreat, we will continue the joint venture. Desai, the sale of shares negotiations lasted a whole year in 2008. Automotive Business Review has learned that the end of 2008, subject to the impact of the global financial tsunami, Continental forced by its own pressure to give up the year before the outcome of the negotiations. Desai Group proposed to the Continental: Since you do not follow before to talk about conditions, and that now I exercise the rights of China's, as one of the shareholders, the exercise of my powers the spirit of in accordance with the contract, to acquire the shares of your foreign. Desai Group is boldly anti-takeover, in addition to the business of the company performed well in the Chinese market, but also is not even a year of negotiations, the core team of Siemens VDO Automotive Electronics (Huizhou) Co., Ltd. a person walking. Face of such an excellent team to face a good momentum in the market, and then the face of the tragedies of the Continental Group, Desai car dvd player and honda dvd player decided to reverse takeover. Anti-takeover negotiations is equally difficult, almost lasted an entire year. Christmas Eve in 2009, the negotiations are completed successfully signed in Hong Kong. January 19, 2010, formally approved by the Industrial and Commercial Bureau, Siemens VDO Automotive (Huizhou) Electronics Co., Ltd. officially changed its name to the Huizhou Desay SV Automotive Electronics Co., Ltd. (referred Desaixiwei). Automotive electronics industry since the successful acquisition of foreign shares, Desai Group has as one of the Group's pillar industries, vigorously develop Desai Automotive Electronics Division was set up. April 25, 2010, the Beijing auto show () during the Desai Group held at the Great Hall of the People, "Desai Group successfully acquired Siemens VDO (Huizhou) cum Desai automotive electronics industry development strategy conference.
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