U.S. fully automatic transmission manufacturers and Chinese heavy truck manufacturers will explore cooperation opportunities to meet the growing demand in the Chinese market.
Allison and China National Heavy Duty Truck announced on April 19, 2017 that they will open up a strategic partnership to optimize fully-automatic transmission technology and serve the Chinese market. Senior leaders from both companies signed a cooperation agreement during the ceremony held at the Shanghai Auto Show in 2017.
Allison and Sinotruk jointly signed a cooperation agreement
Lawrence E. Dewey, Chairman and Chief Executive Officer of Allison Transmissions, stated: “Allison has a great potential for development in China's heavy truck market. It is our honor that the leadership position and leading experience of SINOCHEM are valuable assets for this cooperation."
Established in 1935, China National Heavy Duty Truck Group is China's first heavy truck manufacturer. The company is headquartered in Jinan, Shandong Province. At present, Sinotruk focuses on the production of vehicles in various fields, including construction vehicles, distribution vehicles, emergency rescue vehicles and mining vehicles.
Chairman of China National Heavy Duty Truck Group Ma Chunji said: "We believe that automatic transmission is the main development direction in many heavy trucks in the Chinese market. After evaluating all the automatic transmission technologies with torque converters on the market, we look forward to Lithium Transmission Co., Ltd. has worked together to promote its application products among its customers. Allison's high-quality products and its life-cycle value are well-known and are leaders in the industry."
Allison Transmission is the world's largest manufacturer of fully automatic gearboxes for commercial vehicles and a leading manufacturer of hybrid powertrains for a variety of vehicle types, including garbage trucks, construction vehicles, fire engines, distribution vehicles, passenger cars, and RVs. In the defense and energy industries. Founded in 1915, Allison is headquartered in Indianapolis, Indiana, and has approximately 1,400 independent distributors and agents worldwide.
Allison Transmission utilizes a torque converter to provide Continuous Power TechnologyTM, which smoothly multiplies engine torque and delivers more power to the drive wheels. By multiplying the engine power, the driver can achieve better vehicle performance, improved acceleration and control flexibility. The manual transmission and the AMT transmission will interrupt power each time the vehicle shifts. The Allison automatic transmission continuously delivers power to the drive wheels, increasing productivity and achieving better fuel economy, driving comfort and safety. Allison automatic transmissions are renowned for their product quality and reliability, which enhances the user's overall economic value.
Allison and Sinotruck will focus on serving the Chinese market while opening up other business opportunities. In addition to the Chinese market, CNHTC also holds a strong market in South America, and its products are exported to more than 90 countries. Similarly, Allison transmission products are sold in more than 100 countries and regions around the world.
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