China Zenix Auto International has joined forces with Chinese commercial vehicle manufacturer Anhui Jianghuai Automobile (JAC) to enter into the electric-powered commercial vehicle market in the country.
Zenix Auto is presently the largest commercial vehicle wheel manufacturer in China and it supplies wheels to JAC.
As per the partnership, both the companies will support technology and marketing initiatives to boost each other's market share in the Chinese commercial vehicle markets.
Zenix Auto will focus on research and development effort to build advanced steel wheels for JAC's high-end, light-duty trucks.
The company also plans to create improved wheels and make cost savings, and further increase its share of wheels supplied to JAC.
The company will also make use of its national marketing and service network to provide improved customer service to JAC's customers and enhance brand recognition for JAC's electric-powered vehicles.
JAC on the other hand will focus its recent research and development efforts on the creation of electric-powered vehicles.
The automaker is also aiming to become the top electric-powered commercial vehicles maker in China.
Zenix Auto chairman Jianhui Lai said: "We are excited to further increase the percentage of our wheels used by JAC through this new partnership.
"We are already the largest wheel supplier to JAC, providing 100% of the wheels for JAC's heavy-duty trucks and approximately 50% of the wheels for its light-duty trucks.
"Our expanded relationship with JAC further acknowledges the superiority of China Zenix's technologies, the high-quality of our advanced wheels, our ability to provide new customer solutions through enhanced research and development, and our comprehensive service capabilities."
