Trailerbodybuilders 11007 Versalift China Xjelectric Agreement Copy 0
Trailerbodybuilders 11007 Versalift China Xjelectric Agreement Copy 0
Trailerbodybuilders 11007 Versalift China Xjelectric Agreement Copy 0
Trailerbodybuilders 11007 Versalift China Xjelectric Agreement Copy 0
Trailerbodybuilders 11007 Versalift China Xjelectric Agreement Copy 0

Versalift partnering with XJ Electric in China

Jan. 17, 2019
Aerial lift manufacturer Versalift recently signs two new partnership agreements with XJ Electric.

Aerial lift manufacturer Versalift recently signs two new partnership agreements with XJ Electric, a subsidiary of the State Grid of China.

The American bucket truck manufacturer said it will work with the “Chinese energy giant” to develop an insulated aerial lift factory in China in order to manufacture and assemble bucket trucks to be distributed throughout the Chinese market and to other countries in the region.

The company said the joint-venture agreement is “evergreen,” and will result in “thousands” of additional Versalift aerial lifts produced annually.

Versalift and XJ Electric also will work together on the development of a local Chinese distributor and upfitter that will mount lifts to locally made and imported chassis, with the accessories, upfits and modifications that are needed to support the ambitious development plan for the Chinese Electrical Grid.

In the case of the new Versalift distributor, Time Manufacturing/Versalift will retain control of design, component sourcing, quality assurance and safety inspection for all vehicles released.

“We are extremely pleased with the outcomes of this deal,” said Curt Howell, CEO of Time/Versalift. “We couldn’t have asked for a better partner to extend our global reach than XJ Electric. Building joint ventures that can handle both manufacturing and distribution in the region is an important part of our future success.

“Our experience has been incredible so far and we look forward to a long and prosperous relationship.”

Howell has worked in the automobile manufacturing industry since the 1980s, successfully opening factories in 12 countries. After leading his team through growth and lean initiatives at Time/Versalift’s Waco TX manufacturing and distribution facility, in an effort to increase production and meet demand, the company says Howell is “clear on how these new ventures support Versalift’s global expansion.”

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