·Chinese(gb) ·English ·ฉบับภาษาไทย ·Tiếng Việt
WAPWeb Accessibility RSS
Home About Liuzhou Government Liuzhou News Live in Liuzhou Travel in Liuzhou Invest in Liuzhou Interact
Current Location:  Home > Liuzhou News > China
BYD launches auto seat JV with Faurecia
Date:2018-07-05  Source:Xinhua
 Chinese electric vehicle maker BYD on Thursday launched an automotive seat joint venture with Faurecia, one of the world's largest automotive parts suppliers.

The joint venture marks the spin-off of the seating business of BYD as it seeks to further open the supply chain.

"BYD will further focus on its core business of whole vehicle production to manage costs and improve the brand to consolidate its leading industry position," said BYD chairman Wang Chuanfu at the unveiling ceremony.

BYD holds a 30-percent stake in the Shenzhen Faurecia Automotive Parts Co., Ltd. while Faurecia holds the rest.

With a registered capital of 200 million yuan (30.2 million U.S. dollars), the joint venture brings together BYD's seating production activities in Shenzhen, Xi'an and Changsha and will continue to rent BYD's existing factory buildings.

Shenzhen Faurecia is expected to churn out more than 700,000 automotive seats in 2022, with a sales revenue of over 2 billion yuan.

Faurecia is a subsidiary of French carmaker PSA that mainly produces automotive seats, exhaust systems, and vehicle interiors and exteriors. 

   Print   To Top    Close  

Related Articles

Chinese researchers develop online database for dog research
Chinese universities perform well in global rankings for computer science, en...
Fossilized baby dinosaurs reveal cause of mysterious death
China develops AI radar for underground space detection in cities
Bulk of southern China was under sea about 400 mln years ago
Chinese medical device manufacturers display core technologies in U.S.
Chinese drone company to establish 1st European research center in France
China opens astronomical science popularizing base in Qinghai-Tibet Plateau
Chinese science union speaks out against unethical biotech applications
Shanghai and Baidu to cooperate on AI development
Home  │ About Liuzhou  │ Site Map  │ Service and Privacy │ FAQ │ Download Forms   │ Contact Us
Copyright (C) 2006 The People's Government of Liuzhou Municipality,All Rights Reserved
Sponsored by Liuzhou Informational Leading Group Office (The Bureau Of The Information Industry Of Liuzhou)
Prepared by Liuzhou Network Management Centre Address:No. 66, Sanzhong Road, Liuzhou, China
ICP Certificate No.05009280