Faurecia China, GAC subsidiary form joint venture to drive innovation in automotive seat motors

Shanghai (Gasgoo)- Faurecia China and Guangzhou Farwon Semiconductor Technology Co., Ltd. ("Guangzhou Farwon"), a subsidiary of GAC Components Co., Ltd., recently signed a joint venture agreement in Guangzhou, marking a new chapter in their longstanding partnership, according to a press release Faurecia China issued on July 3 via its WeChat account.

The two companies have built a solid foundation of trust over years of close collaboration. With the new joint venture, they aim to combine their respective strengths and resources—including capital, technology, talent, and market channels—to jointly develop new technologies and products. The partnership is designed to enable agile and effective responses to the increasingly competitive automotive market.

Stéphane Noël, Executive Vice President of FORVIA's Seating Business Group, highlighted the company's deep roots in China over the past three decades and its consistent commitment to local partnerships. He noted that the joint venture will create fresh opportunities for both sides, particularly in exploring new models and pathways for the global development of seat motor systems. Together, they aim to tap into broader international markets and contribute to the future of smart mobility.

According to FORVIA's 2024 performance report, China remains a key driver of the group's global growth. The Chinese market accounted for 21% of the group's total sales, with operating profit in the region achieving double-digit growth. The company continues to expand its business footprint both within China and in overseas projects involving Chinese automakers.

In 2024, FORVIA further strengthened ties with Chinese OEMs. Notably, its joint venture with BYD is deepening collaboration in Europe. Following the establishment of a production base in Hungary, BYD has chosen the joint venture to support its upcoming facility in Turkey—demonstrating the growing global relevance of partnerships between Chinese automakers and international suppliers.