Traton and Chinese Sinotruk significantly expand strategic partnership

In Sinotruk2 MinutesBy NZ Trucking magazineSeptember 21, 2018

Joachim Drees, CEO of MAN SE and MAN Truck & Bus AG and member of the board of management of Traton AG, Cai Dong, president of Sinotruk, and Andreas Renschler, CEO of Traton AG and member of the management board of Volkswagen AG responsible for commercial vehicles.

Traton Group (formerly Volkswagen Truck and Bus) and Chinese CNHTC Group have announced a further expansion of their long-term partnership. MAN and Sinotruk have been working together highly successfully since 2009 and have agreed to broaden this cooperation by establishing a joint venture to localise a MAN heavy-duty truck in China and evaluating and intensifying technology and procurement cooperation. Since the beginning of the partnership, MAN has held a 25% stake plus one share in Sinotruk, one of the leading heavy-duty truck manufacturers in China.

“Sinotruk is amongst the strongest players in the Chinese heavy-duty market,” said Andreas Renschler, CEO of Traton AG. “The challenges the transportation sector is facing require joint forces and close alliances. Increasing transport volumes, regulation and digitisation require change and flexibility. Partnerships are the right answer to turn these challenges into opportunities.”

Sinotruk president Cai Dong said the cooperation with MAN had been highly successful and he was looking forward to extending the partnership between the companies.

Joachim Drees, CEO of MAN SE and MAN Truck & Bus AG and member of the management of Traton AG, said he was very proud of their track record of working together with Sinotruk.

“The partnership has been very accretive for both parties for almost a decade now. Evaluating how we can leverage our joint capabilities further is therefore logical. Our new plans together are currently taking concrete shape. As MAN, we are eager to increase our cooperation.”