Press release

Shanghai (China), July 3, 2017

FAURECIA SIGNS A JOINT VENTURE WITH WULING INDUSTRY FOR AUTOMOTIVE SEATING AND TAKES A STEP FORWARD TO DEEPEN LOCAL STRATEGY Liuzhou, China, July 3th, 2017 - Faurecia, one of the world's largest automotive suppliers, today announced its new joint-venture with Liuzhou Wuling Industry Co.Ltd, named Faurecia Liuzhou Automotive Seating Co. Ltd. The joint venture will develop, manufacture and deliver automotive seating products to serve SGMW affiliated OEM brands and other customers.

Located in Liuzhou, Guangzhou province, the joint venture will manufacture and sell complete seats, frames and other seat components initially to SGM Wuling from three existing plants and one additional plant to be built. The annual sales will reach 1.8 billion RBM by 2022.

Hagen Wiesner, EVP of Faurecia Automotive Seating declares: "We are very pleased to have signed this joint venture which will enable us to accelerate our sales with one of the leading Chinese automakers. This strategic partnership will thus contribute to our profitable growth in China and the Group's objective to achieve 20% of our sales with Chinese OEMs by 2018 and 30% by 2020. Furthermore, it is a step forward to increase our localization and expand our footprint in the Southwest of China."

Established in 2007, Liuzhou Wuling Industry Co, Ltd is jointly owned by Guangxi Auto Group Co., Ltd and Wuling Motor Holdings Limited, specialized in auto parts, engines and specialty auto design & manufacturing. It business covers both auto parts and OEM manufacturing with facilities based in Liuzhou, Qingdao and Chongqing. The annual sales are over RMB 10 billion.

Contacts

Media

Eric Fohlen-Weill

Head of Media Relations Tel: +33 (0)1 72 36 72 58

eric.fohlen-weill@faurecia.com

Analysts/Investors Marc Maillet

Vice-President Investor Relations Tel: +33 (0)1 72 36 75 70

marc.maillet@faurecia.com

About Faurecia

Founded in 1997, Faurecia has grown to become a major player in the global automotive industry. With 330 sites including 30 R&D centers, 100 000 employees in 34 countries, Faurecia is now a global leader in its three areas of business: automotive seating, interior systems and clean mobility. Faurecia has focused its technology strategy on providing solutions for smart life on board and sustainable mobility. In 2016, the Group posted total sales of €18.7 billion. Faurecia is listed on the NYSE Euronext Paris stock exchange and trades in the U.S. over-the-counter (OTC) market. For more information, visit www.faurecia.com

Faurecia SA published this content on 03 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 03 July 2017 14:36:08 UTC.

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