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Strategy / 22/04/2013
Faurecia signs joint-venture agreement with Chang’an Automobile Group
Faurecia, the world’s sixth largest automotive equipment supplier, and Chinese automobile manufacturer Chang’an Automobile Group, one of China’s largest automobile groups, today signed an agreement for the establishment of a new 50/50 joint-venture, CSM Faurecia Automotive Systems Company Ltd (CFAS) for automotive interiors. The signing of the agreement today in Shanghai establishes the partnership between both parties and is a further demonstration of Faurecia’s ongoing commitment to the Chinese automotive market.
The new joint-venture has a total planned investment in excess of € 35 million (CNY 293 million), which will be contributed equally by both shareholders and will cover the new industrial sites, equipment and process, design and development as well as tooling costs. The CFAS joint-venture will focus on the development, manufacturing and delivery of automotive interior equipment, including: instrument panels, door panels, center consoles and cockpit modules. With this agreement, the joint-venture will strengthen and broaden the technical cooperation between Faurecia and Chang’an.
Sur le même thème
Strategy / 27/05/2014Faurecia today announces the celebration of its 20 years of successful operations in China. As the world’s sixth largest automotive equipment supplier, Faurecia has grown and prospered with the Chinese automotive market over the past 20 years. With a strong vision, passion and dedication to perfection, Faurecia has developed into a preferred partner of both international automakers as well as local brands in the Chinese automotive market.+
Strategy / 27/05/2014In 20 years' time, Faurecia has developed into one of the preferred partner of local brands in the Chinese automotive market.+