Valeo has signed a new joint venture with FAW, China’s largest automaker.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The joint venture, the parts maker’s ninth in the country, was signed with FAWER, the parts supplier branch of FAW. The new company owned 60% by Valeo will develop and manufacture air-conditioning compressors for Chinese and export markets.
The plant will be located in Changchun, the capital of the north-eastern province of Jilin.
