Weichai Holding Group Co. Ltd., one of the largest commercial vehicle and automotive manufacturers in China, and the German trailer brand Kögel signed a letter of intent to collaborate in trailer manufacturing. The agreement was signed during the IAA Commercial Vehicle Exhibition in Hanover.
"Cooperation with Weichai is an essential part of our global growth strategy“, says Kögel owner Ulrich Humbaur. "Kögel has had an excellent reputation in China for decades. We are continuing to build on this. We have found the ideal partner in Weichal.”
"Weichai has a pioneering role in the market as a result of their resources and product diversity. Our core business is the production of entire drive trains, the so-called golden three section chain for heavy trucks, buses and ships. Weichai is expanding its product line as a result of the cooperation with Kögel“, says Tan Xuguang, Tan Xuguang, chairman and CEO of Weichai. "China offers a huge market and cost advantages in the production of trailers. Both companies will be strengthened and they expect growth in sales, together with expansion of international recognition.”