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China National Heavy Duty Truck Group (CNHTC) and German automotive parts giant 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 met with Mr. Eisenhardt, President of Continental Commercial Vehicle Division. This collaboration is expected to strengthen the local automotive industry and enhance technological innovation in the region.
Continental, a global leader in automotive technology, has consistently expanded its market presence through innovative strategies. In 2023, the company reported sales revenue of 25 billion euros, placing it among the world's top 500 companies. As the second-largest supplier of commercial vehicle parts globally, Continental is also recognized for its cutting-edge technologies that rank among the best in the world.
During the meeting, Zhang Jianguo emphasized that the automobile industry is a key pillar of Jinan's economy. To support this sector, the city has introduced various policies to foster growth and attract investment. CNHTC has made significant progress in the international heavy truck market, and the partnership with Continental is seen as a major step forward in improving product quality and competitiveness.
Jinan has also strengthened its ties with German enterprises in recent years, with companies like Siemens establishing successful collaborations. The new agreement between CNHTC and Continental is expected to bring more opportunities and drive further development in the region. Local government officials pledged to continue supporting investors by improving the business environment and providing efficient services.
Ma Chunji, Vice Chairman of the Standing Committee of Jinan Municipal People's Congress, also attended the event. This strategic alliance highlights the growing importance of international cooperation in China's automotive sector and sets the stage for future innovations and growth.
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