TRATON and Chinese Sinotruk significantly expand strategic partnership
On September 18, the TRATON GROUP and the Chinese CNHTC Group announced that the companies will further expand their long-term partnership.
MAN and Sinotruk have been working together quite successfully since 2009 and have agreed to broaden this cooperation by establishing a joint venture to localize a MAN heavy-duty trucks in China and are 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.