Automotive Lighting, the Magneti Marelli company devoted to the automotive lighting sector, and Changchun Fudi Equipment Technology Development Co. LTD. (FUDI), a Chinese investment company active in the automotive components industry, have signed an agreement to establish a joint venture (JV) company aimed at the production and sale of automotive lighting systems for the automotive market.

Magneti Marelli and FUDI are already partners in a JV manufacturing powertrain components since 2012.

According to the agreement, Automotive Lighting Reutlingen GmbH will own 60% of the share capital of the new company, Changchun Magneti Marelli Automotive Lighting System Co., Ltd., while FUDI will hold the remaining 40%.

The industrial facilities of the JV will be located in the Xin Xing Industrial Park of the Economic and Technological Development Zone of Changchun, Jilin Province and will be aimed at supplying carmakers in the North-East of China.

The JV ideally completes the footprint of Automotive Lighting in China, covering the region North of the Yellow river, which is one of the strategic areas for the automotive sector in the country, where both leading Chinese automotive companies and international carmakers operating in China have located their plants. In particular, German premium Original Equipment Manufacturers (OEMs) have a relevant presence in the area. 

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