Faurecia's China sales continued to grow in the first six months, rising 3.3 percent to more than 1.2 billion euros, on contributions from newly established joint ventures.
The French supplier's seating partnership with BYD and an interiors joint venture with Liuzhou Wuling Automobile Industry, both formed in 2017, generated first-half revenue of 106 million euros and 21 million euros, respectively.
Faurecia BYD mainly builds seats for BYD -- China’s largest electrified vehicle maker, while Faurecia Wuling chiefly supplies interiors to SAIC-GM-Wuling -- General Motors’ light-vehicle joint venture with SAIC Motor.
The joint ventures it established in recent years generated revenue of 132 million euros in the first half, Faurecia said, without specifying contributions from other partnerships.
Without the two parts ventures, China sales would have declined 9.9 percent in the period, the French supplier noted.
Faurecia’s sales to Chinese automakers reached 409 million euros in the first six months, representing 34 percent of China sales in the period, up from 25 percent.
Faurecia started production in China in 1992. It operates 53 plants in the country that produce seats, interior trim and emissions control components.
