Recently, Magneti Marelli's Magneti Marelli company, which specializes in the automotive lighting business, Marelli Automotive Lighting Co., Ltd., and the Chinese investment company Changchun Fodi Equipment Technology Development Co., Ltd. (Fodee) have signed an agreement to establish a joint venture.
Marelli established a joint venture with a Chinese parts and components company
It is understood that this agreement aims to produce and sell automotive lighting systems for the Chinese automotive market.
Under the terms of the agreement, Automotive Lighting Reutlingen GmbH will have a 60% stake in the new company, Changchun Marelli Automotive Lighting Systems Co., Ltd., and Foday will hold the remaining 40%.
The joint venture's subordinate industrial facilities will be located in the emerging industrial park in Changchun Economic and Technological Development Zone, Jilin Province, and plans to supply products to auto manufacturers in northeastern China.
The joint venture can complement and complement Marelli Automotive Lighting's business in China and support the coverage of the area north of the Yellow River, which is a strategic location for the Chinese automotive industry, a leading Chinese domestic auto company and an international presence in China. Car manufacturers have established their own factories in this area.
The German OEM's business in China is particularly intensive in this region.
The business scope of the joint venture will be to produce automotive lighting systems (headlights and taillights) based on halogen, xenon and high-end LED technologies. Its subsidiary factory will be established in the first quarter of 2016 and is expected to start production in the first quarter of 2017.
The new factory covers an area of ​​48,000 square meters and has a total building area of ​​23,300 square meters. It will employ approximately 800 employees after full production.
Ermanno Ferrari, CEO of Marelli Automotive Lighting, stated: "The establishment of a new joint venture with Foday aims to allow us to enter the northern China market and enable Marelli Automotive Lighting to operate in a key automotive market like China. It has an 'ideal' business map and supports strategically important areas."
“In these regions, most of the major automakers have built plants to conduct business. In fact, our goal is to approach them at the product supply and technology level so that they can support their business development in the best possible way.â€
Sylvain Dubois, general manager of Marelli China, said: “The new factory established in Changchun will be the fourth lighting system factory we have established in China. We will expand Marelli’s automotive lighting company’s business in China. The plant is an important milestone event that will allow us to better support our strategic customers who are doing business in the Chinese market.â€
Marelli Automotive Lighting began its entry into the Chinese market in 2005. First, it established a 100% wholly-owned factory in Wuhu.
In order to keep pace with the development of the Chinese automotive market, Marelli Automotive Lighting has also established two new factories: In February 2012, the second wholly-owned factory was established in Foshan (South China); in May 2013, Marelli and China Southern Industries The group company formed a joint venture, and thus established a new factory in Xiaogan.
In addition, Marelli Automotive Lighting has established a Chinese headquarters and research center in Shanghai.
Since 1996, Magneti Marelli has been active in the Chinese market and has established 11 manufacturing plants and a R&D/engineering center in China.
These facilities are located in Shanghai (Marelli China headquarters, automotive lighting R&D center, and Shanghai Automotive Transmission Co., Ltd. cooperate to produce power systems), Foshan (automotive lighting factory), Wuhu (automotive lighting and power system factory), Guangzhou (electronic system Factory), Hangzhou (cooperated with Wanxiang Qianchao Company to produce shock absorbers), Changsha (produced for Fiat/Guangzhou Automobile Exhaust System), Changchun (cooperated with Foday to produce power systems), Hefei (cooperated with Jianghuai Automobile and Lingdatang) Exhaust system) and Xiaogan (joint venture with China South Industries Corporation to establish automotive lighting factory).
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