Faurecia has unveiled a new joint venture with Changchun Xuyang Industry (Xuyang Group).
Faurecia and Xuyang Group will be engaged in the production, assembly and sales of automotive display products, as well as after-sales services for OEMs.
The joint venture will be consolidated by Faurecia.
In recent years, Faurecia has created its fourth Business Group, Faurecia Clarion Electronics.
“We are pleased to broaden our relationship with Xuyang Group, with whom we already collaborate on Seating and Interiors as well as in R&D along with the University of Jilin,” said Faurecia China EVP and president, François Tardif.”
“By regrouping our expertise, we will reinforce Faurecia’s Cockpit of the Future strategy and accelerate its deployment for the Chinese market.”
Founded in 1999 and headquartered in Changchun, Xuyang Group has four core business units: intelligent cockpit, intelligent manufacturing, high-end equipment and new energy.
In 2001 Faurecia and Xuyang Group started working together and during the past years have deepened cooperation by jointly setting up 12 plants for seating and interiors in Changchun, Tianjin, Foshan, Chongqing and Chengdu.