China | Commercial Vehicle--New JV In China For Commercial Vehicles

Knorr-Bremse Asia Pacific (Holding) Ltd. and Chongqing CAFF Automotive Braking & Steering Systems Co. Ltd. have founded a joint venture for the production of commercial vehicle brake system and powertrain components.

Knorr-Bremse holds a 66% stake in Knorr-Bremse CAFF Systems for Commercial Vehicles Chongqing Ltd., as the joint venture is known, with the remaining 34% held by the Chinese company. Based in Chongqing, the joint venture will manufacture brake components in the air supply and brake control segments, such as air dryers and valves, as well as transmission and clutch control components for medium and heavy-duty trucks.

Knorr-Bremse currently has operations at 12 locations in China, including the Asia Pacific headquarter office in Hong Kong.

Source: Diesel Progress Online