ZF Enters China’s Forklift Market, Launches JV with Anhui Heli Co
ZF is to enter into a joint venture with Chinese company Anhui Heli Co. The company, named ZF-HELI Drivetech (Hefei) Co, will allow ZF access to the Chinese market, the biggest and fastest growing region for forklift trucks. In addition, ZF will strengthen its extensive product portfolio with Anhui Heli products.
China is an important, strategic growth market for ZF Friedrichshafen AG. "With Heli, we have found a partner with an outstanding level of expertise in forklift trucks. This company is the market leader in China and the seventh largest company in the forklift truck segment worldwide. By combining ZF’s products in the premium and high-tech segments with Heli’s cost optimised products we are able to create a systems supplier with a comprehensive product range for hydrodynamic and electrically powered forklift trucks," said Wilhelm Rehm, Member of the Board of Management of ZF and responsible for the Industrial Technology and Commercial Vehicle Technology Divisions.
ZF will deliver its forklift truck products (transmissions and axles) from its Chinese plant in Hangzhou to the joint venture. Heli will also contribute part of its own transmission and axle production.
ZF has 51 percent share ownership in the joint venture. As a result, it can now implement its "best choice" approach both in China and internationally. The company offers customised products in the basic, highline and premium segments.
This joint venture targets Heli as a customer, as the company is currently both a supplier and a customer as well as a manufacturer of complete forklift trucks. (www.chinatrucks.com)
Views:0
- Auto Shanghai: ZF Presents Cutting-edge Tech for Software-defined, Automated EVs 2023-04-19
- ZF Wins Major Business: E-Drives and ProAI Supercomputer Apps for CVs at IAA 2022-09-20
- ZF Posts H1 Sales Up 10% to EUR 21.2 Billion 2022-08-04
- ZF Continues Strong Investment in China with a New Plant Opening in Rizhao 2022-07-29
- ZF Celebrates 500,000th TraXon Transmission System Produced in Friedrichshafen 2022-04-20
- ZF Breaks Ground on Its Fourth R&D Centre in China 2022-03-25
- ZF Meets 2021 Sales And Earnings Targets 2022-03-18
- ZF Successfully Launches New Commercial Vehicle Solutions Division 2022-01-14
- ZF Marks 40th Year in China 2021-11-19
- ZF Introduces New Technologies for Clean and Efficient Commercial Vehicles 2021-09-03
Submit Your Requirements, We Are Always At Your Service.
- World’s First All-electric Scania Car Transporter Goes into Service
- China’s First Mining Specialized Remote Sensing Satellite Launched
- SINOTRUK Delivers Full Year 2022 Results, Heavy Truck Sales Down 52.50%
- FOTON and Cummins Team up to Build a New Engine Plant in Thailand
- SANY Awarded as 2022 Forbes China TOP 50 Sustainable DEV Industrial Enterprises
- Daimler Trucks and Buses Signs Deal with XCMG Fire Fighting
- FAW Jiefang Sichuan Branch Was Officially Established
- Bus & Truck Expo Set to be Held in May 2023
- Yutong, SCG Signed MoU for Green Mining in Thailand
- CAT Displays Its First Battery Electric Large Mining Truck
- Half Year Review of Commercial Vehicle Sales
- China Exported 63,000 Trucks in May, Up 33% YoY
- Top 10 Best-selling Battery-swapping Heavy Trucks in China in April
- China Exported 158,000 Trucks in Q1, Up 41% YoY
- China’s Truck Exports Grew by 43.8% YoY to 46600 Units in Feb., 2023
- China’s Heavy Truck Sales Rising 29% YOY to 77200 in Feb
- China Exports 567,000 Trucks in 2022, Hitting a New High in a Decade
- China’s Pickup Exports Jumped 65% YOY in 2022
- China's Truck Exports Grew by 42% YOY to 53,000 Units in November
- Heavy Truck Sales in China Fell by 9% YoY to 46000 Units in Nov.