Faurecia Zhiyong Auto Parts Production Base Settles in Chongqing

On July 3, the Faurecia Zhiyong Auto Parts Production Base was officially signed and launched in Yongchuan District, Chongqing. The total investment of the project is about RMB 300 million, the planned construction area is 25,000 square meters, the annual output value is expected to be about RMB 1 billion, and the annual tax payment is more than RMB 40 million. The base is expected to produce about 800,000 sets of roll-formed battery boxes and battery trays each year, with an output value of RMB 1 billion. Faurecia (China) Investment Co., Ltd. and Zhiyong Technology (Hubei) Co., Ltd. jointly established Faurecia Zhiyong Technology (Chongqing) Co., Ltd., focusing on battery box business in China.