CarUX Holding Limited, a Tier 1 supplier focused on smart cockpit integrated solutions and a subsidiary of Innolux Corporation, has announced today (June 26) that it has signed definitive agreement with EQT, a global investment firm, to acquire 100% stake of Pioneer Corporation (“Pioneer”) at an equity value of 163.6 billion Japanese yen (approximately 33.7 billion New Taiwan dollars). Pioneer possesses comprehensive technical capabilities in the fields of automotive sound, multimedia systems, and human-machine interface (“HMI”) software development and has long-standing relationships with major Japanese and global automotive OEMs, providing substantial potential value-add for CarUX’s growth strategy.

The strategic acquisition will significantly increase CarUX's penetration in the Asia-Pacific market and enhance the diversity of its business portfolio globally. Leveraging Pioneer's robust foundation in the space of automotive sound system, CarUX is expected to become a Tier 1 supplier across multiple product platforms. By combining the strengths of both parties and focusing on the integration of visual, audio, and HMI in smart cockpit systems, CarUX's product competitiveness will be further enhanced. By integrating the R&D and manufacturing networks of both companies, CarUX will be better equipped with regional capabilities and more agility to serve the evolving needs of global automotive OEMs and consumers.

Jim Hung, Chairman and CEO of Innolux Corporation and Chairman of CarUX, said, “This acquisition brings strategic synergies for both CarUX and Pioneer. Through Pioneer’s established partnerships with Japanese and global OEMs, CarUX can rapidly expand its market presence, especially into the traditionally exclusive Japanese automotive supply chain. At the same time, Pioneer’s expertise in automotive sound system and HMI software development complements CarUX’s leadership position in display and touch technologies, enabling the creation of a complete smart cockpit solutions platform. Furthermore, the integration of both companies’ global R&D and manufacturing networks will provide CarUX with stronger localized service capabilities and in turn faster response time to OEM clients’ requirements.”

Shiro Yahara, President and CEO of Pioneer Corporation, said, “We are delighted that CarUX becomes a new shareholder as we advance our corporate vision, “Creating the Future of Mobility Experiences”. CarUX has accumulated global expertise and a proven track record with automotive manufacturers in the field of smart cockpit displays and solutions for vehicles. We are grateful for the partnership with EQT and look forward to working with the Innolux Group team to achieve further growth.”

The transaction is subject to regulatory approvals and other customary closing conditions. Details of the transaction have not been disclosed.

J.P. Morgan Securities (Asia Pacific) Limited is acting as the exclusive financial advisor and Sullivan & Cromwell (Hong Kong) LLP as legal advisor to CarUX on this transaction.

TrendForce 2025 Global Automotive LED Market- Lighting and Display Product Trend
Release Date:
1. PDF (196 Pages)- 30 June 2025
2. EXCEL- 30 June 2025 and 31 December 2025
Languages: Traditional Chinese / English