# 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).

- Type: New facility
- Announced: 2023-02-09
- Where: Jiaxing, Zhejiang province, China
- Value: $19.2M (130.0M CNY)
- Starts operating: 2024
- Status: announced
- Capacity: 55,000 units annually (first phase)
- Products: automatic gearboxes for mid-sized trucks
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Beiqi Foton Motor](https://endata.com/companies/16337.md)
- [ZF](https://endata.com/companies/5885.md) (partner)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/china-foton-motor-to-set-up-third-jv-plant-with-german-auto-parts-maker-zf), 2023-02-10: "The pair will build a factory in Jiaxing, Zhejiang province to make automatic gearboxes for mid-sized trucks."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.