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    Solid-state batteries: SSB is not as easy as ABC
    Hard to believe, but the lithium-ion battery,  which has been synonymous with the auto industry’s electrification phase, not to mention the proliferation of personal electronic goods, is ripe for redevelopment. There have been different chemistries coming in and out of vogue, mainly involving the choice of cathode material, but the fundamentals have remained in place since the first commercialization in 1981. Now, development is advanced for one of the most fundamental elements of the ...
    Insights
    Four factors shaping the battery metals market
    Amid persistent macroeconomic uncertainty, spot demand for battery metals has waned over 2023, contributing to a general weakening of metals prices, down from record price highs in 2022. But the horizon for energy transition-related demand has arrived, spurred forward by various government initiatives that have supported plug-in electric vehicle uptake to decarbonize the transport sector and a focus on renewable energy sources. Batteries are the most expensive component of electric vehicle...
    Insights
    Forvia looks to transform driving experiences through its Vibe technology
    France-based leading automotive supplier Forvia said it has signed a pathbreaking contract with a premium German original equipment manufacturer to introduce Vibe, its cutting-edge immersive technology that redefines consumers’ time behind the wheel.  A new innovative technology designed specifically for automotive seating, Forvia's Vibe delivers a remarkable and safe experience by embedding tactile sensations within the car seat, creating a fully immersive journey. The company sa...
    News
    Forvia opens its Allenjoie industrial platform dedicated to new automotive technologies
    Forvia, the seventh global supplier of automotive technologies, announced October 9 the opening of its industrial platform in Allenjoie, Doubs, France, which houses two major factories, planned to support the Group's vision for a more sustainable automotive industry. The company said the two sites will produce hydrogen storage systems and more sustainable seats. With an estimated investment of over €250 million, the two plants will also create over 600 jobs to serve major French and Europea...
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    Forvia partners with Chery to develop intelligent cockpits
    Forvia and Chery have signed a strategic cooperation agreement establishing a long-term partnership in various fields, with a particular focus on the development of intelligent cockpits, according to a company press release on September 26. To cater to the growing demand for intelligent cockpits and strengthen their leading position in this highly competitive market, Forvia and Chery will intensify their association in the design and development of complete solutions for intelligent cock...
    News
    Forvia partners with SSB to develop carbon-free steel seat structure
    Forvia has unveiled a world-first, carbon-free steel seat structure in partnership with SSAB, according to a company press release dated September 25. The structure has been made without fossil fuels and a very low CO2 footprint, about 90% lower compared to a traditional steel seat structure. “This first use in the world of steel free of fossil fuels in the manufacture of a front seat structure, a key element of the vehicle, shows that it is now possible to develop new automotive equipment ...
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    IAA Mobility 2023: Forvia Group to showcase electrification and energy management, automated driving and digital-cockpit solutions
    Forvia Group, combining the innovation competencies of Faurecia and Hella, is set to focus on its technology portfolio in three strategic growth areas — electrification and energy management, safe and automated driving, and digital and sustainable cockpit experiences â€” at the Internationale Automobil-Ausstellung (IAA) Mobility 2023 in Munich, Forvia announced through an August 28 press release.   With its solutions, Forvia underlines its commitment to reach net-ze...
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    Forvia completes sale of the Cockpit Modules division to the Motherson Group
    Forvia, the world’s seventh-largest automotive technology supplier, announced the successful completion of the sale of SAS Cockpit Modules division (SAS) to the Motherson Group on July 31, it said in a press release dated August 1.  The Motherson Group acquired 100% of SAS, a global provider of assembly and logistics services for the automotive industry, based on an enterprise value of €540 million. Motherson is a diversified manufacturing specialist and one of the world’s leading ...
    News
    Stellantis confirms acquisition of 33.3% stake in Symbio
    European-American vehicle manufacturer Stellantis NV confirmed July 28 that it has completed the acquisition of its 33.3% stake in Symbio to become an equal shareholder in the hydrogen mobility company, along with Forvia (erstwhile Faurecia) and Michelin. According to Stellantis, acquiring an equal stake in Symbio will bolster its leadership position in hydrogen-powered vehicles by supporting fuel-cell van production in France. It also serves as a perfect complement to the company’s growing...
    News
    Faurecia signs a 10-year agreement with Renewable Power Capital to source 70% of energy across Europe
    Faurecia, a company of Forvia group — the 7th largest global automotive supplier â€” looks to accelerate its roadmap toward implementing decarbonization. The company announced signing a 10-year Power Purchase Agreement (PPA) with Renewable Power Capital (RPC) on May 26. This deal is securing almost all the output from the 417-GWh, 24-wind turbines, Klevberget onshore-wind farm in Sweden, and will generate the equivalent of more than 40% of all Forvia’s European ye...
    News
    Stellantis to pick 33.3% stake in zero-emission hydrogen mobility firm Symbio
    In a significant development toward clearer mobility, Faurecia, a company of the Forvia group, Michelin and Stellantis announced the signing of a binding agreement for Stellantis to acquire a 33.3% stake in Symbio, a leader in zero-emission hydrogen mobility. Faurecia and Michelin will remain shareholders with 33.3% holding each, a company statement dated May 16 said. The announcement is an important initiative in the decarbonization of the mobility industry and illustrates Symbioâ€...
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    FORVIA’s Q1 FY 2023 sales up 29% YOY to €6.64 billion
    FORVIA has reported a 29% year-over-year growth in first quarter sales at €6.64 billion, according to a company press release on April 17. Its seating business, which contributed to 31% of the group’s sales, grew 21.6% year over year to €2.04 billion while the interior business saw a growth of 17% year over year to €1.19 billion. Interior business made up 18% of the total sales. “The first quarter of 2023 marked a good start of the year for FORVIA, with strong sales g...
    News
    Auto Shanghai 2023: Faurecia to present new e-mobility, interior and connected solutions for Chinese market
    Faurecia will showcase multiple automotive products and solutions at Auto Shanghai 2023, which is set to be held later this April, a company press release on April 4 read. “We are excited to bring our innovative solutions to Auto Shanghai and share FORVIA’s vision of the enhanced mobility experiences. As the world's largest automotive market, China is key for FORVIA, it is a growing region and a dynamic adopter of new technologies to enhance people's lives. Drawing on our 30 years in...
    News
    Faurecia opens new seat and interior plant in Mexico
    French auto-component makers, Faurecia, a company of Group FORVIA, opened a brand-new plant in Monterrey, Nuevo León, Mexico that focuses on new mobility solutions. The 33,500 square-meter facility will employ approximately 1,500 people and manufacture automotive seat structures, instrument panels and center consoles aligned with industry megatrends in sustainability and lightweighting, a company press release dated March 31 said. The manufacturing facility consists of bioclimatic desig...
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    Faurecia’s FY 2022 sales up 63% y/y to USD27.22 billion
    Faurecia has reported a 63% year-on-year (y/y) growth in sales to EUR25.46 billion (USD27.22 billion) for the full year 2022, it said in a press release dated 20 February. The financial numbers for the year include those of Hella, which was acquired last fiscal. Operating income for the year was EUR769 million compared to EUR896 million last year, while consolidated net loss widened to EUR382 million from EUR79 million a year earlier. “2022, which was initially expected to be a year of reco...
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    Faurecia-Aptoide partners with Catappult to launch app distribution service for vehicles
    Faurecia-Aptoide has partnered with Catappult to launch an app distribution service for cars, it said in a press release dated 30 January. Developers can use Faurecia-Aptoide's app store technology to distribute their games and apps in cars. Developers will be able to design and finetune apps and games for cars, while manufacturers will be able to customize their app stores. “A game-changing solution that allows the automotive industry to offer a much richer, more personalized experience to...
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    Faurecia Aptoide Automotive partners with Vector Unit to enhance in-vehicle entertainment
    Faurecia Aptoide Automotive app store has announced a partnered with Vector Unit to bring a new in-vehicle gaming experience, according to a company press release on 13 November. This will enable occupants a chance to play Beach Buggy Racing game in their car, directly on the infotainment system. “Partnering with Vector Unit is incredibly exciting as Faurecia Aptoide is creating a diverse and complete connected automotive environment. Bringing Beach Buggy Racing on board to allow vehicle us...
    News
    Stellantis plans to acquire stake in Faurecia-backed hydrogen mobility company Symbio
    Stellantis has begun exclusive negotiations with Faurecia and Michelin to acquire a significant stake in Symbio, a Faurecia – Michelin joint-venture (JV) company focused on zero-emission hydrogen mobility, the carmaker announced on 23 December 2022. The transaction is expected to be wrapped up in the first half of 2023 and is subject to customary closing conditions, including regulatory approvals, Stellantis said. “Symbio’s technical roadmap perfectly matches with Stellantis’ ...
    News
    FORVIA launches MATERI’ACT brand to develop, manufacture sustainable materials
    Faurecia, a FORVIA company has launched a new brand MATERI’ACT dedicated to developing and manufacture state-of-the-art sustainable materials, it said in a press release on 3 November. Rémi Daudin, VP, Sustainable Material Division, Faurecia, said, “Rethinking the way we design, manufacture, and use our products is a necessary step in the fight against climate change. Sustainable transformation of businesses is not just about reducing the negative impacts on the environment but also abou...
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    Faurecia presents sustainable alternative to animal leather
    Faurecia announced that the company has been testing new bio-based materials as a lower carbon dioxide (CO2) emissions alternative to animal or polyvinyl chloride (PVC) synthetic leather for use in trim solutions on seats and to cover surfaces of the vehicle interior such as the instrument panel, door panel, or center console, it said in a press release on 11 October. Nicolas Michot, Faurecia Seating Technology Director, said, “Our customers are extremely interested in new materials that su...
    News
    Faurecia to supply EV startup LeapMotor with sustainable seating systems
    Faurecia, a FORVIA company has announced that it signed a strategic partnership with China-based new energy vehicle (NEV) company LeapMotor to develop sustainable automotive seating supply chain, ChinaEVs reported on 9 October.    Significance: Automakers are offering new seats with sensors that can assess occupants' health and stress levels while they are in the vehicle as they look beyond ensuring safety and comfort for occupants. As a result, seats are becoming more intelligent, ...
    News
    FORVIA’s divestment strategy reflects its ambition to emerge as a technology focused enterprise
    On 29 July, HELLA announced the divestment of 33.33% stake of integrated front end modules company Hella Behr Plastic Omnium (HBPO) GmbH to France-based Plastic Omnium for an equity value of EUR290 million (USD306.70 million). The transaction enables Plastic Omnium with complete ownership. The divestment is part of HELLA’s strategy to align its resources in the development of high growth business segments underlining FORVIA’s combined businesses which, aim to become a major technology-focuse...
    Insights
    Forvia reports H1 2022 net sales at USD11.86 billion, up 49.37% y/y
    Forvia reports first–half 2022 net sales at EUR11.62 billion (USD11.86 billion) with a year-on-year (y/y) increase of 49.3% compared with EUR7.78 billion in 2021, according to a filing by the company on 25 July. Operating income was reported as EUR426 million, down 16.47% compared with EUR510 million in the previous year. Net income was down EUR233 million for first half 2022. Patrick Koller, CEO, Faurecia, said, “Since the beginning of the year, in addition to implementing the ...
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    GravitHy to set up USD2.3-billion green steel raw material plant in France by 2027
    French energy company Energie announced via a press release on 30 June that consortium GravitHy will mobilize USD2.3 billion's (EUR2.2 billion's) worth of investment to commission a new direct reduced iron (DRI) plant in the area of Fos sur Mer, southern France.  The consortium was jointly formed by EIT InnoEnergy, US electrolyzer manufacturer Plug Power, UK steel plant developer Primetals, French energy company Engie New Ventures, French automotive technology firm Forvia, and French rea...
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    Faurecia to invest USD147 million in new interiors plant in Mexico
    Faurecia, a Forvia Group company has announced an investment of USD147 million to construct a new shared plant in Nuevo Leon, Mexico, that will have instrument panels, production lines for other interior modules, technologies and processes such as plastic injection, vibration welding, ultrasonic welding, and assembly, based on renewable energy technologies, MexicoNow reported on 19 May.   Robert Grienenberg, vice president of Faurecia Asientos Mexico, said, “The design of automotive se...
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