Faurecia and BAIC form seating joint venture in China

Faurecia will purchase a 50% stake in Beijing BAI DAS Automotive System Co., Ltd. from DAS Corporation to form a 50-50 joint venture with BAIC, providing seat assembly, frames, foams and headrests for BAIC Hyundai and BAIC-owned brands.

“The joint venture represents a great opportunity for Faurecia to strengthen its partnership with BAIC in China, and Hyundai-Kia globally and will support our profitable growth strategy in China.”autonews.gasgoo.com

• 2 sources
• autonews.gasgoo.comFaurecia partners with BAIC in China for Seating business | GasgooGasgooJul 24, 2020
• adsalecprj.comFaurecia and BAIC establish JV in China for car seating business - Adsale Plastics NetworkAug 13, 2020

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