Desay, Philips and Gold Peak found Car Audio Electronics Co., Ltd. (CAE)
CAE and Siemens form joint venture Siemens VDO Automotive (Huizhou) Co., Ltd.
Desay acquires Siemens VDO Automotive (Huizhou) Co., Ltd. renaming it into Desay SV Automotive
All European holdings of Desay SV are merged into Desay SV Automotive Europe GmbH
New development center for prototype vehicles begins operations in Weimar (opening in July)