# Faurecia establishes seating joint venture with BAIC in China

Faurecia completed the acquisition of 50% of a joint venture from DAS Corporation, establishing a 50-50 joint venture with BAIC called Beijing BAI DAS Automotive System Co., Ltd., which is the main seating supplier for BAIC Hyundai.

- Type: Acquisition
- Announced: 2021-01-28
- Where: Beijing, China
- Status: completed
- Products: automotive seating
- 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) (partner)
- [DAS Group](https://endata.com/companies/10498.md) (target)
- [BAIC Group](https://endata.com/companies/32657.md) (partner)
- [Beijing BAI DAS Automotive Systems](https://endata.com/companies/52900.md) (target)

## Sources

- [forvia.com](https://www.forvia.com/en/press/faurecia-officially-launches-its-new-seating-joint-venture-baic-china), 2021-01-28: "The joint venture marks an important milestone for Faurecia Seating, strengthening its presence in China and especially with BAIC and Hyundai-Kia."
- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5259219/faurecia-launches-new-seating-jv-with-baic-in-mainland-china), 2021-01-29: "Faurecia has officially launched its new seating joint venture (JV) with BAIC in mainland 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.