Hanon Systems and Fawer Automotive form auto parts JV in China

Hanon Systems and Fawer Automotive Parts Limited signed an agreement to set up a joint venture, Fawer Hanon Automotive Components, in China with initial capital of CNY 150 million. Hanon Systems will own 55% and Fawer 45%. The JV will produce electric compressors for automotive thermal management.

“Hanon Systems and Fawer Automotive Parts Limited signed an agreement to set up joint venture Fawer Hanon Automotive Components (FHAC) in China.”pulse.mk.co.kr

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• pulse.mk.co.krS. Korea’s Hanon Systems sets up auto parts JV with China’s Fawer Automotive - 매일경제 영문뉴스 펄스(Pulse)Jan 24, 2018

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