Foton Motor and ZF to build third JV plant in Jiaxing, China

Beiqi Foton Motor and ZF Group plan to build a third joint venture plant in Jiaxing, Zhejiang province, to produce automatic gearboxes for mid-sized trucks. The first phase will have an annual capacity of 55,000 units by 2024, with fixed asset investment of CNY 130 million (USD 19.2 million).

“The pair will build a factory in Jiaxing, Zhejiang province to make automatic gearboxes for mid-sized trucks.”yicaiglobal.com

• 1 source
• yicaiglobal.comChina’s Foton Motor to Set Up Third JV Plant With German Auto Parts Maker ZFTang ShihuaFeb 10, 2023

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