The joint venture company will focus on developing and manufacturing automotive interior related products for the SAIC-GM-Wuling brand and other vehicle customers, including dashboards, center consoles, door panels and noise reduction systems. Located in Liuzhou, Guangxi, with three production plants, Faurecia (Liuzhou) Automotive Interior Systems Co., Ltd. plans to achieve annual sales of RMB 1.3 billion by 2022.

The joint venture is another cooperation project after the signing of the Folgaria Liuzhou Automotive Seat Joint Venture in July 2017.

A photo of the signing ceremony of the joint venture and cooperation between Foglia China and Wuling Industrial Corporation

Mr. Patrick Koller, CEO of Faurecia Group, stated that “Jointly establishing a joint venture with Liuzhou Wuling Automobile Industry demonstrates that Faurecia further deepens its cooperation strategy with leading Chinese automakers and establishes closer and more sustainable cooperation. The establishment of the joint venture will boost Foggia's rapid growth and continue to expand its technological innovation in the 'Smart Life in the Vehicle' field."

Signing ceremony in progress

Established in 2007, Liuzhou Wuling Automobile Industry Co., Ltd. is a large-scale enterprise jointly owned by Guangxi Automobile Group Co., Ltd. and Hong Kong-listed Wuling Motors Group Holdings Co., Ltd., focusing on the design and manufacturing of automobile collar parts, engines and special-purpose automobile products. It covers the manufacturing of parts and components and vehicles, and has factories in Liuzhou, Qingdao and Chongqing. Annual sales exceed RMB 10 billion.

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