Voith and CRRC will develop their collaboration in the commercial vehicle market and rail and industrial business, a decision which is part of a framework agreement signed on September 6, during Chancellor Angela Merkel’s official visit to China.
The two companies will collaborate in the area of electrical drive systems. This will include joint research and development in regard to the series production of e-vehicle integrated electric propulsion systems and components, where CRRC has accumulated tremendous experience. In addition, Voith has more than 70 years’ worth of experience in design and development of transmission and propulsion systems and components for commercial vehicles.
At the beginning of 2019, Voith and CRRC entered into two joint ventures located in China, which focus on research and development, manufacturing, sales and services of a wide range of rail and industry products. By setting up the additional strategic cooperation, the two companies will further bundle their well-established expertise in the commercial vehicles industries, align their global supply chains, drive synergies in capturing emerging market opportunities, and strengthen the leadership positions within their markets.