ALTe Powertrain Technologies (ALTe) and China-based Henan Benma Company (Benma) have signed an agreement to form a new commercial vehicle manufacturing joint venture (JV) company in China.
The new original equipment manufacturing (OEM) company will manufacture a select portfolio of commercial vehicles powered by plug in electric and hybrid powertrain systems engineered by ALTe.
The new JV is expected to increase the target volumes by 10,000 vehicles per annum and an initial order for 1,000 units has been committed by Benma.
Following completion of ALTe' application engineering and validation testing, the new JV will commence manufacturing of a 3-ton light commercial truck and also a medium sized bus.
Currently, Benma manufactures 20 different models of commercial vehicles for the domestic Chinese market with an annual production capacity of 300,000 vehicles.
