In 2018 Faurecia made significant progress in the deployment of this strategy whilst at the same time managing some headwinds that disturbed the market in the second half of the year. We demonstrated our agility to manage the short term and deliver on our commitments, whilst at the same time investing in our future.
At the CES in Las Vegas in January of this year, we highlighted the rapid progress we have made in developing new user experiences for the Cockpit of the Future. Many of these were developed with our innovation ecosystem which was expanded during 2018 to include Hella and five new start-up investments to complement the existing partnerships of Accenture, Mahle and ZF. In addition to completing the acquisition of Parrot Automotive, we announced a major strategic project to acquire Clarion, the Japanese supplier of in-vehicle-infotainment (IVI) and full digital audio systems, HMI and advanced driver assistance systems, connectivity and cloud-based services. With its core competences in electronics and software integration, this acquisition would significantly strengthen Faurecia’s offer for cockpit systems integration.
For Sustainable Mobility, we are focused on technologies for hybrid vehicles, which could represent 50% of the market by 2025, as well as for zero emissions vehicles, be they fuel cell or battery electric vehicles. We are also deploying our emissions reduction solutions into the High horsepower and Commercial Vehicles markets and to this end we completed the acquisition of Hug Engineering and re-negotiated our contract with our partner Cummins.
Even though the growth in the Chinese market slowed down in the second half of the year, it will still be the main driver of long term growth for the global automotive industry and will in particular see a rapid rise in electric vehicles. Faurecia continued its strategy of developing partnerships with Chinese OEMs, and concluded two new Joint Ventures with FAW and Wuling Industry. Our objective is to have 40% of our sales with Chinese OEMs, matching their share of the overall Chinese market.
I’d like to invite you to discover the main events as well as the strategic announcements that made 2018 a great year for Faurecia.
Faurecia and Accenture join forces to reinvent onboard experience for connected and autonomous vehicles
At CES® Las Vegas, Faurecia inspires future of mobility with breakthrough technologies
Faurecia at CES 2018 - Booth tour
At CES®, Faurecia equips Byton's concept car
Faurecia received Top Employer Europe Award for its human capital management excellence
2017 annual results - strong performance in 2017 with operating margin at 7% of sales in H2 2018, guidance ahead of roadmap
Faurecia completes purchase of Hug Engineering
Faurecia and clean air Aisia partner to accelerate the implementation of clean air solutions in Asia
Faurecia boosts its expertise in energy recovery technology with investment in Enogia
Faurecia registers record order intake with a leading German premium OEM for its seating business
Faurecia joins forces with the academic and industrial worlds to create the Prairie Institute, a center of excellence dedicated to Artificial Intelligence in Paris
Institute, whose objective is to become an international reference in the field of artificial intelligence.
Faurecia opens a Tech Center in Yokohama to accelerate development with Japanese carmakers
For the 1st time at the Hannover Messe, Faurecia will showcase its Fuel Cell Technologies
Faurecia invests in Powersphyr to enhance its technology offering for cockpit connectivity
Faurecia invests in Promethient and accelerates the development of thermal comfort technologies for the cockpit of the future
Faurecia and Faw Group Partner to develop innovative cockpit of the future and sustainable mobility solutions
Faurecia to take control of 100% of Parrot Automotive
Faurecia invests in SUBPAC to develop an immersive sound experience
Faurecia demonstrates efficient and intelligent technologies at IAA commercial vehicles 2018
At the Paris Motor Show, Faurecia showcases its cockpit of the future and zero emissions solutions
Faurecia completes purchase of Parrot Faurecia Automotive
Paris Motor Show - Show & booth présentation
New joint venture with Wuling Industry in China extends bilateral cooperation to Clean Mobility activities
Faurecia equips popular GM pickups with innovative technology for fuel economy and CO2 reduction
Faurecia and Hella enter into strategic partnership
Faurecia invests in ESP Consulting to develop wellness solutions for cockpit occupants
CES Las Vegas 2019 - Teaser