# 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.

- Type: Acquisition
- Announced: 2020-07-24
- Where: Beijing, Chongqing, Huanghua, Xiangtan, China
- Jobs: 500
- Status: announced
- Products: seat assembly, seat frames, foams, headrests
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Faurecia](https://endata.com/companies/1483.md) (acquirer)
- [DAS Group](https://endata.com/companies/10498.md) (target)
- [BAIC Group](https://endata.com/companies/32657.md) (partner)

## Sources

- [autonews.gasgoo.com](https://autonews.gasgoo.com/articles/market-industry/faurecia-partners-with-baic-in-china-for-seating-business-70017373), 2020-07-24: "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."
- [adsalecprj.com](https://www.adsalecprj.com/en/news/article_details/7845.html), 2020-08-13: "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."

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