Faurecia has signed a joint venture agreement for its Clean Mobility (emissions control) business with Dongfeng Motor Parts and Components Group in Wuhan.
The new company aims to provide advanced clean mobility solutions to Dongfeng affiliated OEM brands, for both passenger cars and commercial vehicles. This joint venture builds upon Faurecia's long term partnership with Dongfeng, with whom it already has a joint venture for its Automotive Interiors Business.
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Located in Xiangyang, the new joint venture will begin operations in 2018. The annual sales should reach CNY1.2bn (EUR155m) (US$176m) by 2021.
Patrick Koller Faurecia CEO said: "We are very much honoured to extend our partnership with Dongfeng to our Clean Mobility business and thus bring innovative and breakthrough technologies to the Chinese market. This joint venture builds on the important relationship which Faurecia has developed with Dongfeng over the years and contributes significantly to our strong growth in China."
Faurecia Clean Mobility (formerly Faurecia Emissions Control Technologies) says it is adapting its strategy to focus on three key areas:
See Also:
- New technologies for a more efficient and responsible use of thermal and hybrid cars, integrating high-tech systems such as energy recovery and monitoring of real-time data.
- Developing innovations for the rapidly growing commercial vehicle market as well as the global off-highway and high-horsepower engine market, including marine and power generation.
- Leveraging its expertise to develop innovative solutions to accompany the growth of electric vehicles, with a focus on lightweight solutions including composites and battery thermal management.
Faurecia Clean Mobility says it has strengthened its position as a leader in Selective Catalytic Reduction (SCR) systems to curb nitrogen oxide (NOx) emissions from diesel engines. Its close-coupled SCR BlueBox compact mixer technology is now part of the exhaust system for the 2.0-litre Ford Transit. It is claimed that the technology eliminates up to 95% of engine NOx emissions, ensuring compatibility with Euro 6c standards in 2017 and Euro 6d requirements for 2020.
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