Faurecia has unveiled a new joint venture with Chinese supplier, Liuzhou Wuling Automotive Industry.
The new joint venture, named Faurecia (Liuzhou) Emissions Control Technologies and controlled equally by each party, further extends the bilateral cooperation to the Clean Mobility activity and targets annual sales of CNY600m (US$86m) in 2023.
The JV will cover all emissions control systems business of Wuling Industry, integrating four plants located in Liuzhou Liudong, Liuzhou Hexi, Chongqing and Qingdao.
In 2017, Faurecia and Wuling Industry established joint ventures for automotive seating and interiors businesses.
“We’re honoured to partner once again with Wuling Industry, extending our cooperation to all three of our business activities: Seating, Interiors and Clean Mobilit,” said Faurecia Clean Mobility EVP, Christophe Schmitt.
“The new joint venture will achieve synergy effects and further help enhance our relationships with leading Chinese OEMs. It will enable us to develop more innovative products and technologies responding to the demands of the China market towards zero-emission mobility.”
Liuzhou Wuling Industry has 60 years experience in automotive design and manufacturing areas, focusing on parts, engines and special vehicle business.
The company has business in Guangxi, Chongqing, Shandong and Guizhou in China as well as in Indonesia and India.