China National Heavy Duty Truck Group (CNHTC) and German multinational company Continental Group recently signed a strategic cooperation agreement, marking the official launch of Continental's commercial vehicle auto parts project in Jinan, Shandong. The signing ceremony was attended by Zhang Jianguo, Deputy Mayor of Jinan Municipal Party Committee, who also met with Mr. Eisenhardt, President of Continental Commercial Vehicle Company.
Continental Group is one of the world’s leading automotive suppliers, known for its strong market presence and technological innovation. In 2023, the company reported sales revenue of 25 billion euros, placing it among the top 500 global companies. It ranks as the second-largest supplier of auto parts for commercial vehicles worldwide, while maintaining top-tier technology in various fields.
During the meeting, Zhang Jianguo emphasized that the automotive industry is a key pillar of Jinan's economy. To support its growth, the city has implemented multiple supportive policies and measures. CNHTC has made significant progress in recent years, gaining increasing recognition in the international heavy truck market. Over the past few years, collaboration between Jinan and German enterprises has deepened, with major companies like Siemens also investing and partnering in the region.
The strategic partnership between Continental and CNHTC is expected to enhance the quality and competitiveness of CNHTC's products. The local government in Jinan is committed to providing excellent services for investors, improving the investment environment, and creating favorable working conditions. Zhang expressed his hope that this cooperation would achieve great success.
Ma Chunji, Vice Chairman of the Standing Committee of Jinan Municipal People's Congress, also attended the event. This collaboration highlights the growing importance of international partnerships in driving industrial development and innovation in the region.
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