GKN Driveline Torque Technology has been awarded a contract to supply power transfer units (PTUs) to Chery in China.
Go deeper with GlobalData
The contract is for an SUV due for launch in 2009. The new PTU is planned to be assembled at GKN Driveline Torque Technology’s new Kangkiao manufacturing facility. Components will be primarily sourced in China, except for the hypoid gear set, which will be produced in the company’s Nagoya facility in Japan.
PTUs provide full-time or on-demand torque distribution for front-wheel- drive-based all-wheel-drive vehicles. GKN is a leading independent supplier of PTUs with annual production targeted to exceed 500,000 units for the first time in 2007.
“We are delighted to have won this contract which builds upon our existing strong commercial and engineering links as GKN Driveline is already a key supplier of sideshafts to Chery,” said Graeme Walford, managing director, GKN Driveline Torque Technology. “This is another PTU contract win for us in the fast-growing Asia-Pacific region and it further supports our global growth strategy.”
Chery, ranked number four in terms of passenger-vehicle production in China, is one of the fastest growing automakers in the world. Vehicle production last year was over 305,000, of which approximately 50,000 were exported.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
