Continental Huayu Brake Systems (Chongqing) Co., Ltd. Starts Operation
- Continental and Huayu Automotive Systems Co., Ltd. jointly invested more than CNY 600 million in the new Chongqing Plant
- The new Joint Venture, Continental Huayu Brake Systems (Chongqing) Co., Ltd., will better serve the transformation and upgrading of automotive industry in West China
Chongqing, China, May 18, 2017. Continental Huayu Brake Systems (Chongqing) Co., Ltd., a new Joint Venture of Continental and Huayu Automotive Systems Co., Ltd. ("HASCO"), starts operation today. The new plant is located in Chongqing Liangjiang New Area, covered an area of over 80,000 square meters, with more than 600 million RMB investment. Continental and HASCO hold equal 50 percent share. The new plant is designed to manufacture Brake Parts including Brake Calipers, Vacuum Boosters and Electric Parking Brake Systems.
At the opening ceremony, Mr. Zhu Hui, General Manager of Continental Huayu Brake Systems (Chongqing) Co., Ltd., expressed his appreciation of the close cooperation, supports and trusts from all of our partners. He hopes that with the professional technology expertise and advanced production experience of Continental, and market information and customer resource of HASCO, the new plant will further enhance the production capacity of Hydraulic Brake Products, and provide best-quality products and localized solutions to the auto manufacturers in China, becoming a solid backing for the development of these manufacturers in West China.
Guests from left to right:
- Sun Gang, Deputy General Manager of Continental Huayu Brake Systems (Chongqing) Co., Ltd.
- Enno Tang, Head of Chassis & Safety Division, Continental China
- Li Jin, The Chairman of Liangjiang Group
- Zhang Haitao, Board Director and President of HASCO
- Tnag Zongwei, The executive Deputy Director of Liangjiang New District
- Matthias Matic，Matthias Matic, Executive Vice-President of Hydraulic Brake Systems Business Unit of Continental
- Dr. Ralf Cramer, Member of the Executive Board of Continental AG, President & CEO of Continental China
- Cai Zengwei,Member of Board Meeting of CHBSC9）Zhu Hui, General Manager of Continental Huayu Brake Systems (Chongqing) Co., Ltd.
"Increasing demands in Asia, especially in the Chinese market, are the driving force for the rapid growth of Continental's Hydraulic Brake Systems business in the coming years. The establishment of the new plant in Chongqing is an important step to our Growth Strategy, and again shows our confidence and commitment of ‘In the Market, For the Market’ to the Chinese market," said Matthias Matic, Executive Vice President of Hydraulic Brake Systems Business Unit of Continental. "We are very glad to extend our Joint Venture together with HASCO in Chongqing under the 'Go West' strategy. We believe that the new plant will strongly support the development of Chinese Automotive Industry and our customers and serve the transformation and growth of Automotive Industry in West China with our benchmark facility."
Mr. Zhang Haitao, Board Director and President of HASCO, also addressed that: “It has always been HASCO’s business philosophy to devote ourselves to providing all customers with high quality products and the best services. Chongqing plant going into operation enables us to get closer to our customers to whom we can offer local delivery and faster response. I am convinced that with the joint support from both shareholders, Chongqing plant will definitely be able to better serve our customers and further contribute to the development of automotive industry in the western area of China.“
Guests from left to right:Sun Gang, Deputy General Manager of Continental Huayu Brake Systems (Chongqing) Co., Ltd.
- Enno Tang, Head of Chassis & Safety Division, Continental China
- Matthias Matic，Matthias Matic, Executive Vice-President of Hydraulic Brake Systems Business Unit of Continental
- Zhang Haitao, Board Director and President of HASCO
- Tnag Zongwei, The executive Deputy Director of Liangjiang New District
- Dr. Ralf Cramer, Member of the Executive Board of Continental AG, President & CEO of Continental China
- Li Jin, The Chairman of Liangjiang Group
- Cai Zengwei,Member of Board Meeting of CHBSC
- Zhu Hui, General Manager of Continental Huayu Brake Systems (Chongqing) Co., Ltd.
Since 1994, Continental and HASCO started deep cooperation in the field of Hydraulic Brake System business with the setup of one joint venture Shanghai Automotive Brake Systems Co., Ltd in 1994 and the other Continental Brake Systems (Shanghai) Co., Ltd in 2010, aiming to further improve driving safety by developing and manufacturing leading safety hydraulic brake technologies and products in China.
Tina Chen
Head of Communications China
- +86 21 6080 3263