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Faurecia Q3 Group sales down 10.4% to EUR3.4bn – Just Auto

Faurecia has posted third-quarter Group sales down 10.4% to EUR3.4bn (US$3.9bn). Despite the drop, the French supplier noted all business groups and regions posted significant outperformance, while Clarion Electronics and Asia recorded organic growth of 7.3% and 6.5% respectively. On 23 September, 2021, Faurecia adjusted its FY 2021 guidance to reflect the strong reset released …

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BASF to supply SVOLT with battery chemicals – Just Auto

BASF and SVOLT have entered into an agreement for cathode active materials (CAM) development, raw materials supply and battery cell recycling. “The cooperation will also enhance the research and development (R&D) capabilities for both companies in sustainable battery materials and strengthen both parties’ core competitiveness in the largest battery market, China, and globally,” a statement …

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