Mr. Patrick Koller, CEO of Faurecia Group, stated: “The global regulations on carbon dioxide and nitrogen oxide emissions are increasing. It is expected that the value-added sales of sustainable transportation market will increase by 25 billion euros in 2030. Leaders, Foggia will use advanced technology and innovative solutions to increase the number of single-vehicle adaptations of passenger cars and commercial vehicles, and at the same time, through the acquisition of breakthrough nitrogen oxide emission reduction technologies acquired by Amminex, we plan to enter into high-powered And other new markets for industrial applications, etc. Faurecia will be committed to provide all customers with Green Motion’s system solutions and develop digital services in the city.†Does not rely on powertrain Foggia light vehicle sales will lead the market As global carbon dioxide and nitrogen oxide emissions in various markets become more and more serious, the powertrain portfolio will face innovation. Faurecia expects that by 2030, nearly half of the cars will be electrified and converted into hybrid or pure electric vehicles (battery electric vehicles or fuel cell electric vehicles). With the standardization of new technologies, the introduction of policies and regulations will promote the adaptation of Foggia technology and products. Thanks to this trend, the number of vehicles equipped with Faurecia technology, especially the number of hybrid and petrol vehicles will increase (up to 70% and 30% respectively by 2025). With the combination of the Group's leading technology and innovative solutions, the Green Dynamics Zhixing system's sales of light-duty vehicle internal combustion engines will outperform the market. Faurecia’s target sales of internal combustion engines for younger vehicles in 2030 increased to 7.7 billion euros. China and India regulations help commercial vehicle sales grow The new regulations in China and India will double the number of single-vehicle fittings for Faurecia products and technologies on highways and off-highway commercial vehicles. The volume of automobile production and sales in both countries accounts for 48% of the global total. Through the establishment of strategic partnerships, joint ventures with core customers, international business arrangements, patented technologies and innovations, Faurecia will benefit from the trend towards standardization of emissions from both countries. The group's goal is to increase the current market share of 12% to 27%, and to achieve sales of commercial vehicles of 1.5 billion euros in 2030. Gain access to relevant market opportunities in high horsepower market and industrial nitrogen oxide emission reduction applications With core regulations related to high-powered engines and industrial applications starting to take effect, Faurecia expects that 75% of engines will achieve emissions standardization by 2025, while only 25% of engines are now in compliance. The patented and expandable Folgaria commercial vehicle technology and system integration capabilities will enable the Group to obtain 20% market share and 700 million Euro sales in this market in 2030. Battery and Fuel Cell Electric Vehicle Contributions to Growth Faurecia expects that about 11% of vehicles in 2030 will become electric vehicles. As battery electric vehicles will occupy a dominant position, Faurecia believes that fuel cell electric vehicles will rapidly exert their power after 2025 with a high degree of autonomy and fast fuel supply rates. Faurecia will develop new technologies for these two types of vehicles, including composite battery packs and fuel cell cylinders. It plans to carry an average of 300 euros worth of related technologies per vehicle in 2030, achieving sales of 800 million euros. Accelerate the profitable growth of Foglia's green-motion system Strict policies and regulations and new ultra-clean technologies will help Faurecia achieve profitable growth. The Faurecia Group is developing a powerful scientific and technological ecosystem to accelerate investment in innovation. The Voyager Green Motion System is committed to becoming a leader in the field of clean mobile transportation, possessing superior benchmark profitability, technology, and strategic development space that does not rely on a combination of powertrains. The financial objectives of the Green Motion Zhixing System to 2030 are as follows: Value-added sales exceed EUR 10 billion (compared with a CAGR of at least 7% in 2016-2030); more than EUR 1.5 billion in operating income, making value-added sales operating profit margin Reached 15% (compared with a CAGR of 11% between 2016 and 2030); net cash flow accounts for more than 55% of operating income; and the return on capital exceeds 30%. 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"Creating a Winning Green Future" and "Smart Life on the Car" are two strategic focuses that Foglia has invested fully in.
Foglia's "Investor Day" Shows Strong Growth of Green Motion's Zhixing Business
On June 27, 2017, the Faurecia Group organized the “Investor Day†event in London to focus on the strategic development focus of “Creating a Winning Greener Futureâ€. The “Creating a Winning Green Future†and “Smart Life on the Vehicle†are two strategic focuses that Foglia has invested fully in. At the event, Faurecia demonstrated its strong profit growth potential in its Green Motion’s intellectual property system business. It expects to achieve a compound annual growth rate of more than 7% over the next 15 years, and to achieve sales of more than 10 billion euros in value-added sales and 15 in 2030. % of operating profit margin. To achieve this profitability target, Green Dynamics' business unit will accelerate the development of new technologies for the electrification of powertrains and extend its technological applications such as breakthrough nitrogen oxide emission reduction to commercial vehicles, high-powered engines and industrial applications.