Strategy / 04/07/2017
Faurecia signs a new joint venture with Dongfeng Motor Corporation and expands partnership to Faurecia Clean Mobility
The new company aims to provide advanced clean mobility solutions to Dongfeng affiliated OEM brands, for both passenger cars and commercial vehicles. This joint venture builds upon Faurecia’s long term partnership with Dongfeng, with whom it already has a joint venture for its Automotive Interiors Business.
Located in Xiangyang, the new joint venture will begin operations in 2018. The annual sales should reach 1.2 Billion RMB (€ 155 million) by 2021.
Patrick Koller Faurecia CEO declares: “We are very much honored to extend our partnership with Dongfeng to our Clean Mobility business and thus bring innovative and breakthrough technologies to the Chinese market. This joint venture builds on the important relationship which Faurecia has developed with Dongfeng over the years and contributes significantly to our strong growth in China.”
Strategy / 19/07/2017Faurecia announced today that it had taken a majority share in the Chinese company Jiangxi Coagent Electronics for a total investment of 1.45 billion RMB (193 million euros).+
Strategy / 03/07/2017
Faurecia signs a joint venture with Wuling Industry for automotive Seating and takes a step forward to deepen local strategyFaurecia today announced its new joint-venture with Liuzhou Wuling Industry Co.Ltd, named Faurecia Liuzhou Automotive Seating Co. Ltd. The joint venture will develop, manufacture and deliver automotive seating products to serve SGMW affiliated OEM brands and other customers.+