FORVIA and CHERY deepen strategic partnership with a first joint venture on smart and sustainable cockpit
FORVIA and CHERY will establish a “Cockpit of the Future” Joint Venture Company in Wuhu.
This Joint Venture targets to design, develop, manufacture and supply the full cabin scope related systems and modules including seats, interiors and cockpit electronics with low CO2 emission materials and processes. It is the first Joint Venture of that kind in China and will be consolidated by FORVIA with a sales ambition of € 1bn by 2029.
It will include an R&D center dedicated to industrial design and cockpit integration capabilities, enabling both FORVIA and CHERY to offer disruptive, sustainable and competitive consumer experience.
The Joint Venture plans to launch two production sites in H1 2024 to support CHERY fast growth.
Electrification, intelligence, brand upward, globalization and sustainability development, these are the next strategic priorities for CHERY. FORVIA is a leading global automotive technology supplier, and the two parties have a broad space for cooperation in the field of intelligent cockpit and low CO2 emission materials, as well as a wide range of complementarities and cooperation opportunities in the overseas market.
The automotive industry is currently experiencing a technological revolution and smart sustainable cockpit demand is increasing. To stay ahead in this competitive market, we are pleased to further deepen our collaboration with CHERY, a key technology-driven partner. We aim to turn the vehicle cabin into a truly intelligent space, meeting the scenario-based needs of consumers through sustainable and innovative solutions to create a safe, affordable, sustainable and customized mobility experience.