# Faurecia-BYD joint venture sets up new subsidiary in Xi'an

Shenzhen Faurecia Auto Parts Co., Ltd., a joint venture between BYD and Faurecia, established a new wholly-owned subsidiary in Xi'an, China, on March 14, 2022, with a registered capital of 50 million yuan ($7.863 million) to manufacture auto parts.

- Type: New facility
- Announced: 2022-03-16
- Where: Xi'an, Shaanxi province, China
- Value: $7.86M
- Status: announced
- Products: auto parts, automotive seats
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Shenzhen Faurecia Auto Parts Co., Ltd.](https://endata.com/companies/61635.md)
- [Faurecia](https://endata.com/companies/1483.md) (partner)
- [BYD](https://endata.com/companies/9720.md) (partner)

## Sources

- [autonews.gasgoo.com](https://autonews.gasgoo.com/articles/news/faurecia-byds-joint-venture-builds-new-subsidiary-in-xian-70019910), 2022-03-16: "Shenzhen Faurecia Auto Parts Co., Ltd., a joint venture between Chinese automaker BYD and the global auto parts supplier Faurecia, recently set up a new subsidiary in Xi'an, the capital of Shaanxi province."

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