The Faurecia and Dongfeng Hongtai joint venture has named two new companies formed to supply parts to the Chinese automaker and affiliates.
They are Dongfeng Faurecia Automotive Interior Company and Dongfeng Faurecia Automotive Exterior Company.
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A technical centre and three plants will develop and make the parts with the ‘TechCentre’ in Wuhan developing programmes for both joint ventures. Automotive interior components such as dashboard/consoles, door panels, acoustic and soft trim parts will be made in Wuhan with exterior parts coming from a new factory in Chengdu. This initial partnership is expected to book over EUR500m (US$549.1m) in sales revenue by 2020.
Jean-Michel Vallin, president of Faurecia China and vice chairman of the new joint ventures said, “Entrepreneurship, autonomy, accountability, respect, exemplarity and energy are the six values for every Faurecian while teamwork, pragmatism, integrity and entrepreneurship are the key values for Dongfeng. There are so many common values between us.”
