COLUMBUS, Ind.–Cummins is teaming up with Chinese automaker JAC Motors (Jianghuai Automobile Co.) after it was announced last week that the two companies will enter a 50/50 joint venture following the purchase by Cummins of Navistar’s 50 percent equity of the JAC-Navistar Diesel Engine Company (JND).
Cummins Group Vice President, China and Russia, Steve Chapman, said, “Cummins and JAC share similar values and are both committed to bringing our customers the right power solutions at the right time to power their success. By strengthening our relationship, we can focus on becoming more competitive in our markets by developing and offering high-quality, clean and fuel-efficient products.”
The new venture will continue its operations at the manufacturing facility in Hefei, China. Cummins currently supplies light-duty, mid-range, and heavy-duty engines to JAC Motors for its domestic market in China, as well as its global operations.
The ownership change is subject to regulatory approval and the operations of the partnership are expected to commence following completion of all approvals.