“We are honored to extend our work in China with our long time customer Daimler Mercedes-Benz, and build on our developing relationship with BYD,” said Dinesh C. Paliwal, the Company’s Chairman, President and CEO. “HARMAN sets the tone for loudspeaker technology, ensuring that every vehicle achieves the optimal sound experience through a tailor-made audio system. We look forward to delighting a new generation of drivers and passengers with premium audio solutions.”
HARMAN maintains manufacturing and R&D operations in Shanghai, Suzhou and Shenzhen, serving key customers such as Shanghai General Motors and Geely Motors. The Company recently announced a further US$100 million investment to bolster its manufacturing and research capabilities in the People’s Republic with new facilities in the city of Dandong. With more than 1200 employees currently in China, HARMAN has an established base from which to supply the foreign and domestic Chinese automakers in what has become the world’s largest automotive market.
HARMAN (www.harman.com) designs, manufactures and markets a wide range of audio and infotainment solutions for the automotive, consumer and professional markets – supported by 15 leading brands including AKG®, Harman Kardon®, Infinity®, JBL®, Lexicon® and Mark Levinson®. The Company is admired by audiophiles across multiple generations and supports leading professional entertainers and the venues where they perform. More than 20 million automobiles on the road today are equipped with HARMAN audio and infotainment systems. HARMAN has a workforce of about 11,800 people across the Americas, Europe and Asia, and reported sales of $3.5 billion for the twelve months ended December 31, 2010. The Company’s shares are traded on the New York Stock Exchange under the symbol NYSE:HAR.