WABCO Signs to Partner in China with FAW Jiefang Automotive Company
Pictured here are Hu Hanjie, General Manager at FAW Jiefang Automotive Company (left) and Jacques Esculier, Chairman and Chief Executive Officer at WABCO.
WABCO Holdings Inc. (NYSE: WBC), a leading global supplier of technologies and services that improve the safety, efficiency and connectivity of commercial vehicles, has signed with it terms “a strategic cooperation framework agreement” with FAW Jiefang Automotive Company, a major manufacturer of light, medium and heavy duty trucks in China.
WABCO and FAW Jiefang will team up to enhance the safety and efficiency of commercial vehicles and fleet operators in China on braking systems, chassis components, and other technologies. The companies have a 20-year supply relationship.
“We are proud to take our collaboration with FAW Jiefang to the next level as we strive to enable safer, greener and more efficient commercial vehicles in China,” said Sujie Yu, Vice President, Asia-Pacific and Business Leader China, WABCO. “We forged a strategic cooperation agreement between two industry leaders with complementary strengths poised to benefit commercial vehicle manufacturers, fleet operators, and the commercial vehicle industry in China alike.”
“WABCO is a global technology leader in the commercial vehicle industry,” said Hu Hanjie, General Manager, FAW Jiefang Automotive Company. “WABCO’s industry-leading solutions for commercial vehicles and fleets help us to build even more competitive trucks for China and around the globe. The company’s high-performance braking systems and other world-class technologies represent real differentiation in the markets FAW Jiefang serves.”
Category: General Update
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