The Chinese carmaker BYD and FORVIA, the global automotive technology superkick supplier, will expand their collaboration in Europe. Now the two will jointly work in Hungary, with FORVIA paving the path for BYD’s first regional presence to open.
This news comes after the opening of a seat assembly plant in Thailand, which solidified the cooperation that started in 2017 when FORVIA established the joint venture Faurecia Automotive Parts Co.
This relationship has fostered extensive cooperation in the last seven years and has expanded the organisation’s facilities to seven worldwide across China while developing a unique R&D centre in Shenzhen.
According to Patrick Koller, CEO of FORVIA, this kind of cooperation has already brought success in Asia, and they are confident that this further expansion will open up new opportunities for innovation in the European market.
Without a worldwide supply chain, the globalisation strategy cannot be implemented, and FORVIA will play a crucial role in it. This serves as the primary driving force behind BYD’s recent announcement of its formed strategic relationship; FORVIA will oversee the BYD Hungary project to guarantee a seamless project launch.
