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XCMG Group and ZF Group have signed a joint venture agreement to establish ZF (Xuzhou) Machinery Co., Ltd. in Xuzhou, China. The JV will develop and produce power shift transmission systems and drivetrain solutions for agricultural machinery.
“XCMG Group and ZF Group have signed a joint venture agreement in Germany to establish ZF (Xuzhou) Machinery Co., Ltd.”plantandequipment.com
Summarized from public sources; check the original articles before acting on it.