Cummins and Chinese manufacturer JAC Motors have announced a 50-50 joint-venture partnership after Cummins purchased Navistar’s 50% equity position in the JAC-Navistar Diesel Engine Company.
“I am delighted that Cummins is expanding our long-term relationship with JAC Motors, one of the most respected automotive companies in China,” said Steve Chapman, Cummins Group vice president, China and Russia. “By strengthening our relationship, we can focus on becoming more competitive in our markets by developing and offering high-quality, clean and fuel-efficient products.”
The partnership will continue its operations at the JAC manufacturing facility in Hefei, China. Cummins currently supplies diesel engines to JAC Motors in the Chinese market. The joint venture will continue offering customers diesel engines and focus on developing new products that meet upcoming Chinese emissions standards.
“The joint venture partnership between JAC Motors and Cummins is a natural progression in our successful 20-year relationship and we are thrilled about the potential of the partnership,” said Xiang Xingchu, general manager of JAC Motors. “By integrating our equipment expertise with Cummins’ world-class technological and powertrain capabilities, we are confident we have the right formula in place for tremendous success.”
Originally posted on Trucking Info