Gasgoo Munich- FORVIA and Great Wall Motor (GWM) have signed a global strategic cooperation framework agreement to expand their collaboration across key international markets and strategic technology areas, according to a post FORVIA issued via its WeChat account on October 23.
Key Takeaways
·The agreement upgrades the companies' existing long-term relationship to a global strategic partnership.
·The partnership will expand beyond China to global markets, covering innovation, manufacturing, sustainability and supply-chain resilience.
·The cooperation will also include research and development and talent development in key international markets.
·The companies plan to draw on FORVIA's seating, clean mobility, electronics and lighting businesses to support GWM's international operations and mobility programs.
Image source: FORVIA China
Partnership scope
The agreement combines GWM's international development plans with FORVIA's global manufacturing footprint and technology portfolio.
FORVIA CEO Martin Fischer said the partnership would combine GWM's development plans with FORVIA's technologies, international industrial network and local-for-local operating model across major automotive markets.
GWM Chief Operating Officer and Chief Supply Chain Officer Zhao Guoqing said globalization remains a core company strategy, with GWM seeking to strengthen its international operations and localized services.
Zhao said the companies intend to deepen their cooperation in technology innovation, supply-chain coordination and international market development.
