# 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.

- Type: Acquisition
- Announced: 2017-10-31
- Where: Shenzhen, China
- Value: $11.4M (76.0M CNY)
- Status: announced
- Products: automotive seats
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Faurecia](https://endata.com/companies/1483.md) (partner)
- [BYD](https://endata.com/companies/9720.md) (partner)

## Sources

- [thepaper.cn](https://www.thepaper.cn/newsDetail_forward_1844765), 2017-10-31: "BYD's subsidiary BYD Auto Industry will invest CNY 228 million for a 30% stake in a joint venture with Faurecia China."

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