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FORVIA and BYD will jointly establish a new seat assembly factory in Rayong Province, Thailand, operating under their existing joint venture Shenzhen Faurecia Automotive Parts Co., Ltd. FORVIA holds the majority stake.
“This strategic leap reinforces the global technological alliance between FORVIA and the leading Chinese electric vehicle manufacturer, BYD, further bolstering their market presence in the Asia-Pacific region.”autonews.gasgoo.com
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