Knorr-Bremse has inked a cooperation framework agreement with FAW Jiefang Automotive Company, a manufacturer of commercial vehicles in China.
The German supplier and Jiefang plan envisages cooperation in commercial vehicle braking systems, AMT products, and AMT calibration, as well as in chassis components, steering systems, smart driving and other areas.
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Founded in 1953 in Changchun, China, FAW Jiefang Automotive has 21,000 employees and had a market share of 19.7% last year. The company is a subsidiary of China FAW Group Corporation.
“As a pioneer of China’s automotive industry, FAW Jiefang has become one of its leading manufacturers of commercial vehicles by insisting on independent innovation”, said Knorr-Bremse board member, Peter Laier.
“We see a broad and sound basis for cooperation with FAW Jiefang. It offers Knorr-Bremse the opportunity to leverage our global technology and service advantages to support FAW Jiefang effectively in its globalisation efforts.
“In addition, it allows Knorr-Bremse to contribute to the development of the safety, efficiency, and interconnection of commercial vehicles in China.”
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By GlobalDataBoth parties expect the cooperation to lead to broader work in the future.
“As a supplier of braking systems, Knorr-Bremse has its USP in innovation, energy conservation, environmental protection, and safety,” said Knorr-Bremse Commercial Vehicle Systems Asia Pacific president, Xu Baoping.
“In addition to ADAS, the technology, and lightweight disc brake specially designed for the Chinese market, Knorr-Bremse offers mature AMT products and steering systems with flexible and highly-reliable components for chassis systems.
“We can therefore provide better support to FAW Jiefang in technology application and upgrading. This will also help China’s leading manufacturer to be more competitive in the world market in spite of the increasingly competitive environment.”
Both parties also pledged to strengthen their partnership in brand cooperation, research and development and marketing as well as information exchange.
