Source: Yicai Global post
LANDSKRONA, Sweden; ZHEJIANG PROVINCE, China — China’s Zhejiang Vie Science and Technology Company (VIE) will intensify its collaboration with Sweden’s Haldex to make more precise electromechanical brake systems.
Vie, a leading manufacturer of automotive parts, and a unit of Haldex will form a 50:50 joint venture with CNY30 million ($4.2 million) in registered capital, the Zhejiang province-based auto parts maker said in a statement this week.
The joint venture will use technologies developed by Haldex Vie Shanghai Electro Mechanical Brake Systems, another joint venture that the companies formed in 2016, to boost the parent’s position as a leading braking system provider, especially in the new energy vehicles market, the company added.
Haldex, the Wielton Group Sign Three-Year Contract
About Zhejiang Vie Science & Technology Co Ltd
Zhejiang Vie Science & Technology Company Limited develops, manufactures and sells automotive brake systems. The Company’s main products are air brake valves, air disc brakes, air pressure ABS, vacuum boosters, hydraulic brake master cylinders, air brake proportioning valves, clutch booster etc.
More than 100 years of powerful innovation gives Haldex unsurpassed expertise when it comes to braking systems and air suspension systems for heavy trucks, trailers and buses. The company lives and breathes its business with the goal to deliver robust and technically superior solutions which is founded in a deep insight in the customer’s reality. Through focusing on its core competences and the passion shared throughout Haldex, it achieves the agility and flexibility that the market demands. Innovative collaborations are not only the core of its products, but the company’s philosophy. The 2,200 employees, spread out across four continents, challenge the conventional daily to secure that the products the company delivers create a unique value for its customers and the end users. Haldex is listed on Nasdaq Stockholm and have a turnover of approx. 5 billion SEK.