Yanfeng Automotive Interiors joint venture formally launches / Joint venture ranks as world's largest automotive interiors supplier (FOTO)

Shanghai, China (ots) -

Today marks the launch of Yanfeng Automotive Interiors, the
world's largest automotive interiors supplier. The company is a joint
venture between Yanfeng Automotive Trim Systems Co., Ltd., a wholly
owned subsidiary of Huayu Automotive Systems Co., Ltd. (HASCO), which
is the component group of SAIC Motor Corporation Limited (SAIC
Motor), and Johnson Controls (NYSE: JCI), a global multi-industrial
company.

The joint venture now ranks as the largest automotive interiors
company in the world with revenues of approximately $8.5 billion,
with an order backlog to reach $10 billion in the next few years.
Yanfeng holds the majority 70 percent share in the joint venture and
Johnson Controls has a 30 percent share.

Yanfeng Automotive Interiors core product portfolio includes
instrument panels and cockpit systems, door panels, floor consoles
and overhead consoles. Based in Shanghai, the company has more than
90 manufacturing and technical centers and employs over 28,000 people
globally.

"We are excited about the future opportunities it represents for
Yanfeng Automotive Interiors and our customers around the world,"
said Johannes Roters, chief executive officer of Yanfeng Automotive
Interiors. "Operating as one team, we will leverage our unmatched
global presence, technical expertise and scale to help achieve
complete customer satisfaction."

In addition to Roters, the Yanfeng Automotive Interiors leadership
team will consist of Weizhong Wang as deputy CEO, Bob Van Himbergen
as chief financial officer and Yiru Su as chief commercial officer.

Johannes Roters is a 26 year employee of Johnson Controls and has
served in positions of increasing responsibility within the company's
Automotive Experience business. He most recently served as group vice
president and general manager, Automotive Interiors. Weizhong Wang
has worked for Yanfeng for more than 12 years. He most recently
served as general manager of Interior Business Units in Yanfeng. Bob
Van Himbergen has been with Johnson Controls since 2007. He most
recently served as vice president, Finance, Integrated Supply Chain
in the company's Power Solutions business. Yiru Su has been with
Yanfeng since 1993. He most recently served as senior director of
Customer Business Management in Yanfeng.

About Yanfeng Automotive Interiors:

Yanfeng Automotive Interiors is the world's leading supplier of
instrument panels and cockpit systems, door panels, floor consoles
and overhead consoles. Headquartered in Shanghai, the company has
more than 90 manufacturing and technical centers in 17 countries and
employs over 28,000 people globally. Established in 2015, Yanfeng
Automotive Interiors is a joint venture between Yanfeng Automotive
Trim Systems Co., Ltd, a wholly owned subsidiary of Huayu Automotive
Systems Co., Ltd. (HASCO), the component group of SAIC Motor
Corporation Limited (SAIC Motor), and Johnson Controls, a global
multi-industrial company. For more information, please visit
www.YFAI.com.

For more information, please contact:
Yanfeng Automotive Interiors
Jagenbergstraße 1
41468 Neuss
Astrid Schafmeister
Phone: +49 2131 609-3028
E-Mail: astrid.schafmeister@yfai.com
Internet: www.YFAI.com