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29 10 2018 02

Faurecia, one of the world leading automotive technology companies, announced a new joint venture with Liuzhou Wuling Automotive Industry Co., Ltd., a leading automotive component manufacturing company in China.

The new joint venture, named Faurecia (Liuzhou) Emissions Control Technologies Co., Ltd. and controlled equally by each party, further extends the bilateral cooperation to the Clean Mobility activity and targets annual sales of RMB600 million($86.38 million) 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. Through this joint venture, Faurecia and Wuling Industry embark on a comprehensive strategic cooperation in the area of automotive emissions control systems, leveraging resources from both sides to develop innovative clean mobility solutions starting from SAIC GM Wuling Automobile Co., Ltd. and manufacturers which are subsidiaries controlled by SGMW in China.

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Tags: Vehicle

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