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Geely has announced a strategic partnership with Faurecia France, a global Fortune 500 company and the sixth largest automotive parts supplier in the world, to form a joint venture manufacturing automotive exhaust systems.
The joint venture is the second cooperation between Geely and Faurecia France, marking another milestone in Geely’s advancement in building its global automotive parts supply chain.
Faurecia France ranks first in the world for its emission control products while Geely is the largest private automaker in China. The joint venture will be responsible for design, development and manufacturing of emission control systems for all Geely cars and will better enable Geely vehicles to meet Euro V standards.
To date, Geely has established nearly 20 joint ventures to manufacture automotive parts for vehicle the interior and exterior, chassis, electronic and tooling systems. Many of the partners are global automotive parts suppliers serving world-renowned brands such as Mercedes-Benz, BMW and Audi. The suppliers include Faurecia of France, Mando Corporation of South Korea (chassis module parts), Tachi-S Company (car seats) and Yazaki Corporation of Japan, Hsin Chong Group of Taiwan, Yanfeng Visteon and Yanfeng Johnson (interior trim).
The majority of these joint ventures have launched projects in automotive parts zones of Geely, with many already in production. Through strategic integration of marketing and technological resources and further development of the automotive parts supply chain, Geely will significantly increase its ability in planning, R & D, manufacturing and management of its automotive parts.
Always seeking to incorporate advanced technologies, Geely is determined to construct its own parts platform and further develop its parts supply chain. Through partnership with many world-renowned suppliers, Geely is building a comprehensive parts supply chain that will improve the quality of Geely cars, promote the core competitiveness of Geely in the automotive market and help Geely to grow into a World 500 company.
STORY BY GEELY
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