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09/18/18
Hanover
Volkswagen Group News

TRATON and Chinese Sinotruk significantly expand strategic partnership

TRATON and Chinese Sinotruk significantly expand strategic partnership
  • TRATON´s brand MAN and CNHTC’s Sinotruk plan to establish joint venture 
  • MAN to localize heavy-duty truck in China 
  • Extension of technology cooperation will be evaluated in key focus areas
  • Broadened cooperation to further strengthen TRATON´s position in world´s largest heavy-duty truck market 
  • Andreas Renschler: “Increasing transport volumes, regulation and digitization require change and flexibility. Partnerships are the right answer to turn these challenges into opportunities.”

TRATON GROUP and Chinese CNHTC Group announced a further expansion of their long-term partnership today. MAN and Sinotruk have been working together highly successfully since 2009 and have agreed to broaden this cooperation by establishing a joint venture to localize a MAN heavy-duty truck in China and evaluating and intensifying technology and procurement cooperation. Since the beginning of the partnership, MAN has held a 25% stake plus one share in Sinotruk, one of the leading heavy-duty truck manufacturers in China.

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Julia Kroeber-Riel
Head of Group Communications & Governmental Relations, TRATON AG
Tel. +49 152 58870900
Sebastian Rausch
Financial Media Relations,TRATON AG
Tel. +49 174 9403059
Junjie Lan
Head of Group International Department, CHINA NATIONAL HEAVY DUTY TRUCK GROUP CO.,LTD SINOTRUK(HONG KONG) LIMITED
Tel. +86 0531 58062551