Faurecia: creates new joint venture in China
(CercleFinance.com) - Faurecia has announced the creation of a new joint venture with Chinese automotive supplier Liuzhou Wuling Automotive Industry, called Faurecia (Liuzhou) Emissions Control Technologies Co.
Ltd.
Owned equally by each party, this new joint venture extends bilateral cooperation to the Clean Mobility business and targets annual sales of 600 million renminbi (c. 78 million euros) in 2023.
The joint venture, which will encompass all of Wuling Industry's emission control system activities, will include four factories in Liuzhou Liudong, Liuzhou Hexi, Chongqing and Qingdao.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
Ltd.
Owned equally by each party, this new joint venture extends bilateral cooperation to the Clean Mobility business and targets annual sales of 600 million renminbi (c. 78 million euros) in 2023.
The joint venture, which will encompass all of Wuling Industry's emission control system activities, will include four factories in Liuzhou Liudong, Liuzhou Hexi, Chongqing and Qingdao.
Copyright (c) 2018 CercleFinance.com. All rights reserved.