Faurecia stated that sales of auto parts in China in the third quarter of 2013 increased by 26% year-on-year to 338 million euros (2.8 billion yuan).
China accounted for 80% of Faurecia's sales in Asian markets. Due to excellent sales in China, product sales in the Asian market increased by 25% year-on-year to 423 million euros in the third quarter.
Faurecia currently has 39 factories and 4 R&D centers in China and plans to open 16 new plants by 2016 to supply the rapidly growing Chinese auto market.
In 2012, the company’s sales of parts and components in the Chinese market increased by 25% to 1.1 billion euros.
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