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Faurecia Partners with BAIC in China for Seating Business

Auto News - Published on Wed, 29 Jul 2020

Image Source: Faurecia BAIC Seating
One of the world leading automotive technology companies Faurecia and one of China’s largest automotive manufacturers BAIC announced the establishment of a new 50-50 joint venture in China. This partnership will be created through Faurecia’s purchase of the 50% shareholding of Beijing BAI DAS Automotive System Co Ltd from DAS Corporation. The transaction will be completed once regulatory approvals are obtained in China. The new joint venture between BAIC and Faurecia will provide complete seat assembly, seat frames, foams and headrests initially for BAIC Hyundai and BAIC owned brands.

Headquartered in Beijing, the joint venture has 500 employees and 4 plants in Beijing, Chongqing, Huanghua and Xiangtan.

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Posted By : Yogender Pancholi on Wed, 29 Jul 2020
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