Global auto parts supplier ZF Foxconn chassis Module Co., Ltd. announced on August 29th that it expects annual sales to double from the current 4 billion euros to 8 billion euros by 2029.
Under the background of the decline in the global automobile market, the company shows a completely different development trend, not only winning strong orders from top automakers in Chinese factories, but also winning long-term new model business.
The new Tiexi plant in Shenyang is scheduled to be completed in 2025 to meet strong order demand.
At the same time, 25 production bases around the world celebrate the company’s outstanding achievements in the field of chassis modules for 30 years.
ZF Foxconn chassis Module Co., Ltd. is a 50 per cent joint venture between ZF and Foxconn (Foxconn), formerly the business segment of ZF.
As early as August 1994, the company’s first axles were shipped to BMW from the Duncan plant in the United States, and over the next 30 years it has established long-term relationships with the world’s leading automakers such as BMW, Mercedes-Benz, Strantis and Jaguar Land Rover.
Adhering to the concept of customer-centered, the company has won high praise from customers for its expertise in supply chain management and manufacturing.
Eike Dorff, CEO of ZF Foxconn chassis Module Co., Ltd., said: “Today, we have two reasons to celebrate.
First of all, over the past three decades, our teams around the world have fully demonstrated that our chassis module expertise is in the leading position in the market.
Years of manufacturing experience, strong adaptability, adhere to the concept of customer first and full of passion are the cornerstone of our customers’ trust.
Here, I would like to sincerely thank our customers, partners and shareholders for their trust in us.
Second, the recent exciting orders will bring long-term growth to our China business and attract more new customers. ” Dr. Xu Jun, Vice President of ZF Foxconn chassis Module Co., Ltd., added: “this year marks the 30th anniversary of the company’s deep cultivation in the chassis module field and the 21st year of successful chassis module business in China.
Over the years, our success in China is inseparable from the high recognition of our customers and the hard work of the team.
Here, I would like to express my heartfelt thanks to all the partners who support us.
Our team is also very proud and excited, looking forward to getting more projects, and looking forward to the early commissioning of the new factory in China.
” Business growth prospects in China: Shenyang Tiexi new plant and a number of new model platforms will be put into production one after another, and the company’s new plant in Shenyang Tiexi district will be completed in 2025 to meet strong order demand.
In addition to the Shenyang and Beijing plants producing axles and corner modules for 11 different models of the two top automakers, the Beijing plant will start production of the front and rear axles based on the new platform in 2026, and the Shenyang plant’s new car platform will also begin mass production in 2028.
To provide excellent service to well-known and innovative customers.
With its excellent quality management system, agile and flexible JIT/JIS management process and open technology concept, the company will vigorously expand the scope of local services to attract new customers, especially new energy vehicle customers in China.
Foxconn, a shareholder of ZF Foxconn chassis Module Co., Ltd., will provide more market opportunities and professional technical support for the Asia-Pacific region.
With open technology, Zaifu Foxconn chassis Module Co., Ltd. is at the forefront of the automotive industry, giving full play to its expertise in supply chain, operation, industrialization and engineering to provide value-added services to different customers.
Years of product portfolio experience and strong adaptability enable the company to provide global customers with a wide range of services covering traditional cars, hybrid vehicles or all-electric vehicles in a technologically open model.
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