Pierburg Pump Technology GmbH of Neuss, Germany, a company of KSPG AG, the Rheinmetall Group’s Automotive arm, has joined forces with Shanghai Xingfu Motorcycle Co., Ltd., which belongs to Huayu Automotive Systems Co., Ltd. (SAIC Group), to set up a joint venture to manufacture and market pumps for automotive applications. Each party holds a 50-percent stake in the new Shanghai-based venture, Pierburg Huayu…