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Faurecia and Liuzhou Wuling Automotive Industry Co., Ltd. established a 50/50 joint venture, Faurecia (Liuzhou) Emissions Control Technologies Co., Ltd., to produce automotive exhaust systems. The JV will integrate four existing plants in China and target 600 million CNY turnover by 2023.
“The new company is called Faurecia (Liuzhou) Emissions Control Technologies Co., Ltd. and the two parties each hold 50 percent of the shares.”china-certification.com
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