# 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%.

- Type: Acquisition
- Announced: 2017-10-31
- Where: China
- Value: $34.4M
- Status: announced
- Products: car seats
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/byd-plans-to-pump-usd3439-million-into-tie-up-with-faurecia), 2017-11-01: "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."

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