New joint venture with Wuling Industry in China extends bilateral cooperation to Clean Mobility activities
The new joint venture, named Faurecia (Liuzhou) Emissions Control Technologies Co., Ltd. and controlled equally by each party, further extends the bilateral cooperation to the Clean Mobility activity and targets annual sales of 600 million RMB in 2023.
The JV will cover all emissions control systems business of Wuling Industry, integrating four plants located in Liuzhou Liudong, Liuzhou Hexi, Chongqing and Qingdao. Through this joint venture, Faurecia and Wuling Industry embark on a comprehensive strategic cooperation in the area of automotive emissions control systems, leveraging resources from both sides to develop innovative clean mobility solutions starting from SAIC GM Wuling Automobile Co., Ltd. (the “SGMW”) and manufacturers which are subsidiaries controlled by SGMW in China.
In 2017, Faurecia and Wuling Industry established joint ventures for automotive seating and interiors businesses.
We’re honored to partner once again with Wuling Industry, extending our cooperation to all the three of our business activities: Seating, Interiors and Clean Mobility. The new joint venture will achieve synergy effects and further help enhance our relationships with leading Chinese OEMs. It will enable us to develop more innovative products and technologies responding to the demands of the China market towards zero-emission mobility.
Liuzhou Wuling Industry Co., Ltd. accumulated 60-year experience in automotive design and manufacturing areas, focusing on parts, engines and special vehicle business. The company has business in Guangxi, Chongqing, Shandong and Guizhou in China as well as in Indonesia and India etc.