China Zenix Auto International Selected as Exclusive Wheel Producer to Chery-CIMC Truck JV
China Zenix Auto International Limited (NYSE: ZX) today announced that it has been selected as its exclusive wheel producer by C&C Trucks Co., Ltd. a joint venture between Chery Automobile Co., Ltd and China International Marine Containers (Group) Ltd..
C&C is a relatively new entrant into the commercial vehicle market producing heavy-duty road tractors, tippers and mixers, among other truck models. The wheels will be delivered to the C&C Truck Plant at the Sanshan Economic Development Zone in Wuhu, Tang Gang. The truck plant has a current capacity of 30,000 vehicles annually with plans for expansion in the future.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.