Faurecia China and Guangzhou Huawang Semiconductor establish a joint venture

Faurecia China and Guangzhou Huawang Semiconductor, a subsidiary of GAC Auto Parts, signed a joint venture agreement in Guangzhou, marking the official launch of the new company. This partnership aims to integrate resources, technology, and talent from both parties to accelerate the development of new technologies and products to meet fierce market competition. Faurecia China has been deeply rooted in the Chinese market for 30 years, while Guangzhou Huawang is an automotive parts company founded in 2015 specializing in intelligent cockpits, chassis and body, and intelligent connectivity.