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ZF and Qijiang Gear sign contract to build CV transmission plant

CHONGQING – ZF Friedrichshafen AG (ZF) signed a contract with Qijiang Gear Transmission Co., Ltd (Qijiang Gear) recently to build a commercial vehicle transmission plant in Chongqing, according to media reports.

The joint venture is to introduce the most advanced technology in the world and to engage in the R&D, production, sales and service of CV transmissions with a designed production capability of 300,000 units and to achieve an annual revenue of more than ¥5 billion ($735 million) after being put into operation,said ZF.

Qijiang Gear Transmission Co., Ltd, a subsidiary of Chongqing Machinery & Electronics Holding Group Co., Ltd, has a history of 80 years in producing automobile gears, and owns independent IPRs of CV transmission production.

 

 

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