Group 1 - EQT will sell all its shares in Pioneer for 163.6 billion yen, and Pioneer will be integrated under the automotive parts subsidiary of Innolux [1][2] - Innolux, a global leader in LCD panels, aims to strengthen its automotive panel and related business by acquiring Pioneer, especially in the context of increasing demand for in-car entertainment systems due to automotive intelligence [2][3] - Pioneer, which has faced operational challenges, was acquired by BPEA in 2019 and later by EQT in 2022, with its revenue shrinking from a target of 1 trillion yen in 2005 to 241.5 billion yen in the fiscal year 2023 [3] Group 2 - CarUX, a subsidiary of Innolux, will acquire Pioneer and is expected to complete the transaction by 2025, focusing on providing "smart cockpit" display systems to automakers [2] - The automotive industry is increasingly competitive, with companies like Sony and Honda entering the electric vehicle market, and Chinese manufacturers focusing on in-car technology [2][3] - Pioneer plans to leverage its audio technology in collaboration with CarUX to develop higher value-added products, enhancing its market presence, particularly in Japan's automotive supply chain [2][3]