BEIJING – FAW Jiefang Automotive Co., Ltd. (FAW Jiefang) recently signed a strategic cooperative agreement with Changjiu Industrial Group Co., Ltd. (Changjiu Group) in Beijing.
Based on the agreement, the two parties will cooperate on the central-axle vehicle transporter project including the brand promotion, vehicle procurement, vehicle remanufacture, vehicle finance, sales and vehicle TCO.
Leveraging on FAW Jiefang’s vehicle chassis and Changjiu Group’s professional remanufacturing technologies, the two companies will jointly tap deeper into the central-axle car transporter market.
With the implementation of the new GB1589 regulations, there are huge demands for central-axle car transporters and it is estimated that at least 80,000 central-axle car transporters are needed in China in the next few years.
“The partnership between FAW Jiefang and Changjiu Group is an operational innovation and a valuable exploration to the current commercial vehicle market as well. The R&D and design of central-axle vehicles should take users’ experience into consideration and our aim is to create the best vehicle for our customers,” said Xu Xianzhi, chief adviser of FAW Jiefang.
“We have collaborated with FAW Jiefang since early 1997 and established a solid foundation for cooperation over the past 20 years. FAW’s Jiefang is the first brand in China’s automotive industry and it now has received wide recognition among customers,” said Li Yanchun, secretary of the Party committee of Changjiu Group. “Our cooperation with FAW Jiefang will not only help ensure the quality of our central-axle vehicle transporters, but also give support in consolidating our leading position in the car transporter market,” Li added.
Changjiu Group has many years of experience in car transporting business. Its central-axle car transporters use chassis from FAW Jiefang with loading capacity of up to 10 vehicles. Currently, Changjiu Group has three vehicle remanufacturing bases in Anhui, Hebei and Jilin and its output capacity of central-axle car transporters is 5,300 units annually, which is expected to be increased to 15,000 units next year.