Joint Venture

Hefei-based Anhui Jianghuai Automobile Co. Ltd. (JAC) has established a new joint venture with U.S. engine manufacturer Cummins, it said on December 28, 2018.

The joint venture was formed after Cummins purchased U.S. automotive holding company Navistar’s 50-percent equity of the Jac-navistar Diesel Engine Co. The deal for forming the joint venture was signed and announced in May 2018.

The new joint venture will specialize in producing light-duty and mid-range engines and supply them to JAC as well as other automakers.

“It will give new impetus to China’s commercial vehicle industry,” said Xiang Xingchu, General Manager of JAC. “We will fully support its development and entering the domestic and overseas markets.”

Headquartered in the U.S. state of Indiana, Cummins is a leading engine manufacturer and a Fortune 500 corporation.