Forvia and BYD to bring Asian partnership to Europe

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() - The world's seventh largest car parts supplier Forvia will bring its partnership with Chinese battery specialist and car maker BYD to Europe, it said on Tuesday.

Forvia said the two companies will operate together in BYD's new factory in Hungary, as an extension of their current partnership in Asia.

Car parts makers like Forvia, hurt by lagging global car sales, are seeking to take advantage as Chinese carmakers spread their wings and look to challenge legacy rivals on their home turf.

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Article Details

Category: EconomyBusiness

Markets: SingaporeHungaryThailand

Topics: Asia Experience Factory Chinese 2024 Parts Photo: File Market Forvia Mediacorp

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 17:16:04 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 207 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 21749313

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Official Website: channelnewsasia.com

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Year Established: 1999

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News Last Updated: 1 hours ago

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Publisher ID: #27

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