24th
November 2009 - WABCO
Announces Multi-Year Development and Supply Agreement with Chery
Chery
is One of China’s Leading Manufacturers of Passenger Cars
WABCO Holdings
Inc., a global technology leader and tier-one supplier to the commercial
vehicle industry, today announced that WABCO and Chery Automobile
Company Ltd. have completed an agreement for product development and the
long-term supply of vacuum pumps for automotive braking applications for
diesel and gasoline direct injection engines. Chery is one of China’s
leading manufacturers of passenger cars and China’s top ranked exporter
of cars serving more than 70 countries.
WABCO vacuum pumps for
automotive braking systems utilize an ultra-low power consumption design
that helps improve engine efficiency. Using modular design concepts,
WABCO vacuum pumps feature a range of standard components that increase
efficiency in manufacturing. WABCO’s highly durable vacuum pumps also
boost performance in braking applications, require reduced oil flow
rates, and significantly lower weight due to fewer parts. Vacuum pumps
for all Chery engines will be produced locally at WABCO’s world-class
manufacturing facility located in Qingdao, China.
“We are proud to partner
with Chery as they continue to build a successful world brand of
passenger cars through innovation and adoption of advanced automotive
technologies,” said Leon Liu, WABCO President, Asia Pacific. “Chery is
recognized as one of the most valuable Chinese brands in domestic and
overseas car markets alike, powered by their culture of world-class
quality and pursuit of world-leading technologies.”
“This agreement with
Chery marks a major achievement for WABCO in the Chinese automotive
industry and further grows our position in emerging markets through deep
connectivity with customers, powered by our local people and
capabilities,” said Mike Thompson, WABCO Vice President, Car Systems.
“We are passionate about continuing to grow our vacuum pump business to
help customers globally improve vehicle efficiency and meet increasingly
stronger environmental requirements.”
About WABCO
Vehicle Control Systems
is a leading supplier of safety and control systems for commercial
vehicles. For over 140 years, WABCO has pioneered breakthrough
electronic, mechanical and mechatronic technologies for braking,
stability, and transmission automation systems supplied to the world’s
leading commercial truck, trailer, and bus manufacturers. With sales of
$2.6 billion in 2008, WABCO is headquartered in Brussels, Belgium.
Source:
WABCO
Press Release