Faurecia establishes new joint venture in China3. January 2019
Faurecia, one of the world’s leading automotive suppliers, has joined Liuzhou Wuling Automotive Industry Co., Ltd. and founded another joint venture, this time in the area of “Clean Mobility”. Previously, the two companies had already established joint ventures for car seats and vehicle interiors and have been working together successfully in these sectors for several years. The new company is called Faurecia (Liuzhou) Emissions Control Technologies Co., Ltd. and the two parties each hold 50 percent of the shares. For the year 2023, a turnover of 600 million CNY (equivalent to 86 million USD) is desired.
The new company will cover all previous business areas of Wuling Industry and integrate the four existing plants in China. With the joint venture, Faurecia and Wuling Industry are hoping for a comprehensive and joint strategic cooperation in the field of automotive exhaust systems. In addition, products are to be developed and produced for a Wuling partner, SAIC GM Wuling Automobile Co., Ltd. and its affiliates.
Announcing the new joint venture in late October this year, Christophe Schmitt, executive vice president of Faurecia Clean Mobility, praised the collaboration with Wuling to date and the new opportunities for even better cooperation with Chinese OEMs in response to an increasing demand in the Chinese market as part of emission-free mobility solutions.
Faurecia’s partner, Wuling Industry, has 60 years experience in the automotive industry. They are involved in the design and production of vehicles as well as a supplier for parts, motors and special vehicles. The company has locations in China in Guangxi, Chongqing, Shandong and Guizhou as well as in Indonesia and India.
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