WABCO and Dongfeng Liuzhou Strengthen Strategic Partnership in China and Extend Supply Agreement
December 05 2017 - 6:30AM
WABCO (NYSE:WBC) (www.wabco-auto.com), a leading global
supplier of technologies and services that improve the safety,
efficiency and connectivity of commercial vehicles, today announced
that it has signed a new agreement to strengthen its strategic
partnership with Dongfeng Liuzhou Motor, one of China’s major truck
manufacturers, and extend their strategic supply agreement.
The new agreement will build on the existing strong cooperation
between WABCO and Dongfeng Liuzhou and focus on advanced technology
development. WABCO will offer new products, systems and value-added
services to Dongfeng Liuzhou with a view to upgrading the
technology and optimizing onboard systems performance for Dongfeng
Liuzhou brands. As part of the agreement, WABCO will provide
Dongfeng Liuzhou with technologies to enhance fuel efficiency and
Advanced Driver Assistance Systems (ADAS), such as ESCsmart™
electronic stability control (ESC), Air Disc Brakes (ADB) as well
as other active safety systems.
In recent years, WABCO has delivered innovative products and
systems to Dongfeng Liuzhou which have contributed to the overall
safety, efficacy and reliability of its commercial vehicles. WABCO
has also collaborated with Dongfeng Liuzhou to enhance vehicle
performance through braking systems diagnostics and provide
diversified training programs to help optimize the manufacturer’s
service to its end users.
“We are extremely pleased to extend our business with Dongfeng
Liuzhou. Over the past years, we have established a strong and
successful partnership, based on mutual trust and cooperation. As
part of our new agreement, we will support the strategic
transformation of Dongfeng Liuzhou, leveraging WABCO’s local
manufacturing excellence and globally-leading technology,” said
Sujie Yu, WABCO President, Asia-Pacific and Business Leader,
China.
“WABCO is committed to advancing technology innovation in
commercial vehicles for a safer, more efficient and connected
future. In China, we have built up a strong business, supporting
our customers with our differentiated product portfolio designed to
meet their local needs. We look forward to continuing to support
Dongfeng Liuzhou as a strategic partner,” she added.
“WABCO’s advanced safety and efficiency systems correspond well
with Dongfeng Liuzhou’s future strategy for intelligent and
connected vehicles. We look forward to further deepening our
cooperation with WABCO. With its industry-leading technologies and
system integration capabilities, WABCO has already contributed
significantly to the improvement of our vehicles’ efficiency and
quality and elevated our brand image significantly,” said Liuming
Qin, General Manager of Dongfeng Liuzhou.
In China, the world’s largest market for commercial vehicles,
original equipment manufacturers view WABCO as the supplier of
choice.
About WABCOWABCO (NYSE:WBC) is a leading global
supplier of technologies and services that improve the safety,
efficiency and connectivity of commercial vehicles. Founded nearly
150 years ago, WABCO continues to pioneer breakthrough innovations
for advanced driver assistance, braking, stability control,
suspension, transmission automation and aerodynamics. Partnering
with the transportation industry as it maps a route toward
autonomous driving, WABCO also uniquely connects trucks, trailers,
cargo, drivers, business partners and fleet operators through
advanced fleet management systems and mobile solutions. WABCO
reported sales of $2.8 billion in 2016. Headquartered in Brussels,
Belgium, WABCO has 13,000 employees in 40 countries. For more
information, visit www.wabco-auto.com.
WABCO China contact Ling He, +86 2133 3821 65,
ling.he@wabco-auto.com
WABCO Global Nina Friedmann, +49-69 719 168
171, wabco@klenkhoursch.de
WABCO investors and analysts contactSean
Deason, +1 248 270 9287, investorrelations@wabco-auto.com
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