Industry Press Releases

Dongfeng and Maxion Wheels form a joint venture for aluminum wheels

Thursday, Mar 14, 2019

The world's largest wheel maker, maxion wheels is today one of the largest auto parts companies in China, Dongfeng Automobile Zero Parts Co., Ltd. and a passenger car Announced a contract to establish a new joint venture for manufacturing aluminum wheels. The new corporation, Dongfeng Maxion Wheels, will construct a new plant with an annual production capacity of 2 million in Hubei Province, China, and plans to start serial production in the second half of 2020.

Marcos Oliveira, CEO of Iosipe Maxion, said: "Enhancing our presence in Asia is one of the top priorities of Iocipe's maxion. Our global customer relationships and considerable aluminum wheel expertise, and expanding our portfolio to include aluminum wheels for small cars By combining the goals of Dongfeng Motor's zero part, a strong partnership is in place, joining Dongfeng's strong and dynamic organization, and through this joint venture, world class aluminum wheels to OEM customers in the world and in China Providing is an honor for us. "

The new joint venture is expected to initially create more than 450 new jobs in the region, and will produce low-pressure cast aluminum wheels, including premium wheel finishes and other innovative wheel features.

We will announce the groundbreaking ceremony in which customers, employees and local officials will participate in the near future.

About Maxion Wheels

As part of Iosipe Maxion, Maxion Wheels is a leading manufacturer of wheels for passenger cars, light trucks, buses, commercial trucks and trailers. In addition to agricultural vehicles, we also produce wheels for off-highway applications. With more than 100 years of wheel manufacturing experience and 10,000 employees worldwide, we are the world's largest wheel manufacturer, producing nearly 60 million wheels per year. We serve global OEM customers from 33 locations in 16 countries across five continents, including state-of-the-art technology centers in the Americas, Europe and Asia. For more information, visit the website of maxion wheels ( www.maxionwheels.com ).

About Dongfeng Motor Zero Division (Group)

Dongfeng Motor Zero Parts (Group) Co., Ltd., headquartered in Dongguan City, Hubei Province, is a subsidiary of Dongfeng Motor Co., Ltd., specializing in research, development, manufacture and sales of automotive parts. Our products include chassis systems, cabin systems and body systems, electric drive systems, brake systems and intelligent driving systems, powertrain systems, thermal control systems and weight reduction technology.

Dongfeng Motor Group (Group) has 14,000 employees and 38 subsidiaries, including listed companies Dongfeng Electronic Technology (security code: 600081) and one overseas subsidiary, Includes 14 joint ventures. Our group's sales in 2018 is RMB18 billion, which makes it one of the largest auto parts suppliers in China.

The official version of this press release is the original language version. The translated language version is provided for the convenience of the reader and has no legal effect. When using a translated language version as a material, please compare it with the original language version, which is the only legally effective version.

Contacts
MAXION WHEELS MEDIA CONTACT:

Colleen Hanley
Global Director, Marketing and Communications
Maxion Wheels
Tel: +1 (248) 916-2477
Email: colleen.hanley@maxionwheels.com

DONGFENG MEDIA CONTACT
Zhou Jiazhi
Chief of Communication, Corporate Culture Communication Department
Dongfeng Motor Parts and Components Group Co. Ltd.
Tel: +86 (0719) 8221814
Email: zhoujz@dfl.com.cn

 

Source: businesswire.com

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