also changed its name to Siemens VDO Automotive (Huizhou) Co., Ltd., itself holding 70% of the shares, while the rest was held by Desay Group. Subsequently, the EU approved the acquisition of Mannesmann VDO by Siemens, resulting in the establishment of Siemens VDO Automotive AG. During that period, the company soaked up the quality, pragmatism and rigorous spirit of the German people, while expanding its cooperation with domestic automakers. With the acquisition of Philips car audio system by German Mannesmann VDO in 1998, the company changed its trademark from PHILIPS to VDO. Philips Car Systems was favored by a vast number of car owners and became one of the well-known brands of car audio systems. With Philips as its trademark, the company led the development of China's automotive electronics markets for both factory-installed and aftermarket-installed products. Together, they set up Car Audio Electronics Co., Ltd.-the predecessor of Desay SV-a manufacturer specializing in car audio systems.
1986 was a special year the southern Chinese city of Huizhou witnessed the fusion of Dutch Philips, Hong Kong's Kingsun and Huizhou Industrial Development Corporation.
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