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


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.