The Chinese (and Asian in general) car industry promises to become the world’s number one in the near future. And Forvia, with Chinese car manufacturer BYD, is preparing to seize the opportunity by strengthening its production chain in the Far East. The inauguration of the new seat assembly plant in Thailand to produce 180,000 seats per year for BYD-branded electric and hybrid cars (pictured) was celebrated on 18 July.
The new plant
Construction of the plant, which will be fully operational in mid-August, began in July 2023. Forvia prides itself on being the “world’s seventh largest supplier of automotive technology” and with the latest investment is flexing its muscles in view of the growth of the Chinese car industry. The group explains in a note that it expects “Asia to account for 60 percent of global automotive production by 2025”. “The new plant is an important asset for the development plan in Asia,”, executive vice-president Christophe Schmitt adds. “It strengthens our presence in Thailand, which will act as an export hub for the entire Asia-Pacific region”.
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