FRANKFURT: Yanfeng looks to hit US$10bn with new operation
Newly-formed component giant, Yanfeng Global Automotive Interior Systems (YFAI), says it aims to rapidly achieve US$10bn annual sales as the pace of worldwide supplier consolidation gathers momentum. YFAI is the joint venture between Yanfeng Automotive Trim Systems and Johnson Controls formed in July this year and has already showcased its ID16 concept car, outlining 30 interior innovations such as a retractable steering wheel, in anticipation of autonomous driving, to a catchbin for dropped coins.
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