BYD and Faurecia form joint venture for automotive seats in Shenzhen

BYD's subsidiary BYD Auto Industry will invest CNY 228 million for a 30% stake in a joint venture with Faurecia China, which will acquire BYD's existing automotive seat business. The JV has registered capital of CNY 760 million.

“BYD's subsidiary BYD Auto Industry will invest CNY 228 million for a 30% stake in a joint venture with Faurecia China.”thepaper.cn

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• thepaper.cn比亚迪联手汽车零部件巨头佛吉亚在深圳建合资公司_10%公司_澎湃新闻-The PaperOct 31, 2017

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