BYD launches auto seat JV with Faurecia

          Source: Xinhua| 2018-07-05 20:21:48|Editor: ZX
          Video PlayerClose

          SHENZHEN, July 5 (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.

          TOP STORIES
          EDITOR’S CHOICE
          MOST VIEWED
          EXPLORE XINHUANET
          010020070750000000000000011100001373039671
          无码人妻一区二区三区四区av_亚洲精品911在线永久观看_精品一区二区国产在线观看_日韩不卡一区二区视频在线

                  亚洲五码中文字幕 | 青草热在线精品视频99 | 日本在线a综合免费不卡 | 精品久久免费观看 | 亚洲欧美日韩另类丝袜一区 | 在线观看亚洲欧美日本专区 |