DETROIT - Lear Corp. of Southfield, Mich., has formed a joint venture with the Xindi subsidiary of Yuejin Motor Group Corp. of China to build seat systems and wiring harnesses.
The venture will be known as Nanjing Lear Xindi Automotive Interiors System Co. Ltd. in Nanjing, China. It has won contacts to supply seats and harnesses for vehicles to be built by Fiat, Iveco and Yuejin in China. The venture is expected to have annual sales of $40 million initially. It is Lear's sixth joint venture in China.