trending Market Intelligence /marketintelligence/en/news-insights/trending/p9nnkthks9uze2mn_e9m5g2 content esgSubNav
In This List

Cummins, JAC Motors form joint venture

Blog

Municipal CUSIP Request Volumes Climbs for Fourth Straight Month

Blog

European Energy Insights - May 2021

Blog

Metals & Mining Insights May 2021

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective


Cummins, JAC Motors form joint venture

Cummins Inc. and Anhui Jianghuai Automobile Group Corp. Ltd., or JAC Motors, said May 14 that they have formed a 50-50 joint venture after the Indiana-based engine manufacturer bought Navistar's 50% equity in the JAC-Navistar Diesel Engine Company.

The manufacturing operations of the joint venture, which is subject to regulatory approvals, will continue in Hefei, China. Cummins supplies light-duty, mid-range and heavy-duty engines to JAC Motors for China as well as the global market. The new venture will continue to offer NS V diesel engines and develop new products that meet NS VI standards.

Cummins will continue its partnership with Navistar.

General Manager of JAC Motors Xiang Xingchu said: "By integrating our equipment expertise with Cummins' world-class technological and powertrain capabilities, we are confident we have the right formula in place for tremendous success."