FAURECIA COAGENT ELECTRONICS JOINT VENTURE

Nanterre, France, Nov 6, 2017,  by Faurecia

Jiangxi, China, November 6, 2017, - Faurecia announced the finalization of the transaction whereby Faurecia acquired a majority stake in Jiangxi Coagent Electronics Co., Ltd renamed Faurecia Coagent Electronics S&T Co., Ltd. 

The joint-venture company will be dedicated to develop integrated and innovative in-vehicle infotainment solution.

An inauguration ceremony took place in Jiangxi province in the presence of Jiangxi government representatives and executives from companies. 

There are strong synergies possible between Parrot Automotive and Faurecia Coagent Electronics. The two companies will be able to leverage a shared commercial and industrial strategy as well as developing a common technology offer led by the combined force of over 700 software engineers by mid-2018. 

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