
Forvia has secured new supply deals with Chinese automakers BYD and Xiaomi, which has led to a nearly 10 percent increase in its shares during early trading. Additionally, Forvia will supply BYD's second European factory in Turkey, which will have a 150k cars capacity. Despite a slight decline in Q3 sales due to falling Chinese sales, Forvia's shares jumped as Q3 sales exceeded expectations and the company reaffirmed its FY24 guidance.
Forvia said it secured new deals with Chinese automakers BYD and Xiaomi, sending its shares up nearly 10 percent in early trading. https://t.co/grvPM8COje
Forvia clinches new supply deals with China's BYD and Xiaomi, shares jump https://t.co/BOofrTVtE1
Forvia secures deal to supply BYD's second European factory in Turkey https://t.co/Fzdvjd0QbH https://t.co/V4nmv4YYbr
