sur OPMobility (EPA:OPM)
OPmobility and Yanfeng Expand Their Chinese Joint Venture YFPO
OPmobility and Yanfeng Group are enhancing their joint venture, YFPO, a leading manufacturer of exterior body parts in China. The enhancement involves integrating module assembly activities and introducing signature and decorative lighting solutions. This move aims to diversify YFPO's product portfolio and accelerate its market expansion. The focus will be on expanding offerings that combine exterior systems with lighting and software.
Following the integration, YFPO will employ approximately 3,000 people across 38 plants and an R&D center in China. The addition of new activities is expected to result in sales and industrial synergies, with finalization anticipated in 2026, pending approval from Chinese authorities.
Félicie Burelle, CEO of OPmobility, highlighted the strategic reinforcement of their partnership with Yanfeng Group, aiming to boost YFPO's presence in the electric and hybrid vehicle sector in China. This aligns with OPmobility’s broader strategy of diversifying geographically, technologically, and customer-wise.
R. P.
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