Aptoide announced the sales of its stake in a joint venture with FORVIA, Faurecia Aptoide Automotive, to FORVIA.
This decision enables Aptoide to mainly focus on its core business of providing an innovative global platform for mobile app and games developers and users.
Faurecia Aptoide Automotive has already been recognized as a global partner in key markets such as North and South America, EU, China, Japan, India, and Korea. Its apps market platform brings applications in categories such as music streaming, gaming, video, and navigation into the automotive ecosystem. It is forecasted to achieve 20% market share in automotive apps by 2025 and 35% by 2030.
Aptoide and FORVIA will continue to cooperate in Faurecia Aptoide's app store and related services development. (From a press release dated May 2, 2024)