# Faurecia signs joint venture with Dongfeng Motor for Clean Mobility in China

Faurecia signed a joint venture agreement with Dongfeng Motor Parts & Components Group for its Clean Mobility business. The new company, located in Xiangyang, will begin operations in 2018 and aims for annual sales of 1.2 billion RMB by 2021.

- Type: Acquisition
- Announced: 2017-07-05
- Where: Xiangyang, China
- Status: announced
- Products: clean mobility solutions, exhaust systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Faurecia](https://endata.com/companies/1483.md)
- [Dongfeng Motor Parts & Components Group](https://endata.com/companies/1704.md) (partner)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/faurecia-signs-a-new-joint-venture-with-dongfeng-motor-corporation-and-expands-its-partnership-to-clean-mobility-300483403.html), 2017-07-05: "Faurecia, one of the world's largest automotive suppliers, today signed a joint venture agreement for its Clean Mobility business with Dongfeng Motor Parts & Components Group Co., Ltd. in Wuhan."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.