BRUSSELS, Belgium – WABCO Holdings Inc. and FAW Jiefang Automotive Company signed a strategic cooperation framework agreement here on June 27.
The two partners will work together to advance braking systems, chassis components and other technologies to enhance the safety and efficiency of commercial vehicles and fleet operators in China.
Building on its more than 20-year supply relationship with FAW Jiefang, WABCO will provide FAW Jiefang with industry-leading and cost-effective technologies, as well as product development expertise.
In addition, WABCO will draw from its global capabilities to deliver differentiating training and world-class technical support to FAW Jiefang.
“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 Yu Sujie, 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, president of FAW Jiefang. “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.”
WABCO is a leading global supplier of technologies and services that improve the safety, efficiency and connectivity of commercial vehicles. FAW Jiefang is China’s leading manufacturer of medium and heavy-duty trucks. Over the first half of this year, the company sold 143,000 such vehicles, good for a 21 percent market share.