BYD and Faurecia to form car seat joint venture in China

BYD plans to invest USD 34.39 million to set up a joint venture with Faurecia's investment arm in China. The JV will take over BYD's car seat business, with BYD holding 30% and Faurecia 70%.

“BYD Co. said yesterday that it plans to invest USD34.39 million to set up a joint venture with the investment arm of French auto parts giant Faurecia SA in China.”yicaiglobal.com

• 1 source
• yicaiglobal.comBYD Plans to Pump USD34.39 Million Into Tie-Up With FaureciaDou ShicongNov 1, 2017

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