Commercial vehicle brake and control systems supplier Sorl Auto Parts, says it has inked a deal with new customer, Nanjing Iveco Automobile China (Naveco) for a brake product development and supply agreement.
Sorl has developed the brake system and will supply it for several of Naveco’s new, high-end light trucks with a complete braking system to include foot brake valves, spring brake chambers, four-circuit and other braking products in the system.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Naveco plans to produce around 300,000 units of the high-end light truck models in 2015 and Sorl is the sole braking supplier to date.
Sorl has already completed product development and passed Naveco’s brake product testing trials. Small volumes of the new braking systems have been completed with full commercial production to begin in 2012.
Naveco has a portfolio of more than 860 vehicle models ranging from passenger vehicles, trucks, vans, cargo containers, off-road vehicles, chassis and special vehicles. Naveco is the first light commercial vehicle manufacturer in China with an independent research and development capability.
Nanjing Iveco Automobile Co is a Sino-Italian joint venture, established in March, 1996. The Chinese shareholder is Nanjing Automobile Group Co, a wholly-owned subsidiary of Shanghai Automotive Industry Corporation (SAIC).
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
