Auburn Hills-based automotive supplier Faurecia today announced a joint venture with Liuzhou Wuling Industry Co. in Liuzhou, China. The new Faurecia Liuzhou Automotive Interior Co., will develop and manufacture automotive interior products, including instrument panels, center consoles, door panels, and acoustic products to affiliated OEM brands and other customers.
“The joint-venture with Wuling Industry is a new step forward in Faurecia’s strategy to establish … sustainable relationships with leading Chinese OEMs,” says Patrick Koller, CEO of Faurecia Group. “It will contribute to our ongoing strong growth and enable Faurecia to expand its technology offerings in China.”
The new joint-venture follows a joint venture agreement signed in July, and will target annual sales of $1.3 billion RMB from three plants.
Established in 2007, Liuzhou Wuling Industry Co. is jointly owned by Guangxi Auto Group Co. and Wuling Motor Holdings Limited. The company specializes in auto parts, engines, and specialty automotive design and manufacturing.
Its business covers both auto parts and OEM manufacturing with facilities based in Liuzhou, Qingdao, and Chongqing. The company’s annual sales are more than $10 billion (U.S.).
