View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
March 29, 2011updated 08 Apr 2021 8:06am

CHINA: Ricardo signs MoU with Great Wall

Ricardo has signed a memorandum of understanding (MoU) with Chinese automaker Great Wall Motor Corporation as the companies plan to work together on new products.

Ricardo has signed a memorandum of understanding (MoU) with Chinese automaker Great Wall Motor Corporation as the companies plan to work together on new products.

The agreement reflects efforts by Chinese ‘independents’ – who don’t work with Western OEMs in joint ventures – to improve their product engineering and vehicle designs. 

Great Wall said it aims to deliver a range of products featuring high levels of performance, luxury and technology. Among the first product programmes to benefit from this agreement with Ricardo will be powertrain products including a technology gasoline engine and 6-speed dual clutch transmission (DCT).

The MoU between the companies was signed by chairman Wei Jianjun of Great Wall motor company and CEO of Ricardo, Dave Shemmans.

Jianjun said: “The MoU signed today with Ricardo is an important step for Great Wall in our strategy of developing premium products offering high performance, high luxury and high technology. Ricardo is one of the world’s best known automotive technology development companies, with a long history in engine and transmission design.”

“I am extremely pleased to be able to conclude this MoU with one of China’s best known and leading automotive brands. Great Wall Motor Company is an ambitious organization with an extremely impressive forward development strategy that aims to establish the company with a future line-up of world-class products,” added Shemmans.

See also: COMMENT: Chinese ‘independents’ face tougher times

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto