Here comes the heavy news!
Traton and China Heavy Truck group plan to establish joint ventures.
September 18, Traton and China Heavy truck group announced in Germany: further expand its long-term cooperative relations. It is understood that since 2009, Mann and China Heavy Steam has been highly successful cooperation, and agreed to expand this cooperation through the establishment of joint ventures in China to localize the Mann heavy truck, and evaluate and strengthen technical and procurement cooperation.
Since the start of the partnership, Mann has held a stake in China's heavy-duty steam 25%+1. Traton AG CEO, Volkswagen (Volkswagen) management Committee (Management.) "China heavy duty is one of the strongest competitors in China's heavy vehicle market," said Andreas Renschler, a member of the commercial vehicle. The challenges facing the global transportation industry require that everyone play their respective strengths and work closely together.
Partnerships are the right way to turn challenges into opportunities. "The cooperation with Mann has been very satisfying," said Cai Dong, general manager of China Heavy Duty truck group. In the field of heavy vehicles, Mann's technology is the key to success. As a result, we look forward to expanding the partnership between two companies. We are confident that we will be able to achieve greater success.
' The core of the enhanced cooperation is the establishment of a joint venture between Mann and China's heavy-duty truck program.
In addition, China is the world's largest heavy truck market, with the support of the new joint venture, the Mann Heavy Truck program will be localized in China. In addition, the Parties will assess opportunities for technical cooperation.