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The French automotive seating and parts manufacturer has announced a new joint venture with China’s Changchun Xuyang Industry. Both companies already collaborate on seating and interiors.
Faurecia and Xuyang Group said they will be engaged in the production, assembly and sales of automotive display products, as well as relevant after-sales services for OEMs. “In recent years, Faurecia has accelerated its strategic transformation, in particular through the creation of its fourth Business Group, Faurecia Clarion Electronics, which has the ambition to become a global leader in cockpit electronics. This latest partnership will strengthen its position in the automotive market in China”, said Faurecia.
Founded in 1999 and headquartered in Changchun, China, Xuyang Group has become one of the leading manufacturing companies in Jilin province with four core business units; intelligent cockpit, intelligent manufacturing, high-end equipment and new energy. In 2001 Faurecia and Xuyang Group started working together and have jointly set up twelve plants for seating and interiors in Changchun, Tianjin, Foshan, Chongqing and Chengdu.