HONG KONG, CHINA - Media OutReach - October
8, 2018 - China Zhongwang Holdings Limited ("China
Zhongwang" or the "Company", together with its subsidiaries the
"Group", stock code: 01333), a world-leading fabricated aluminium
products developer and manufacturer, announced that it has entered into a
contract with Jaguar Land Rover. The Group will supply quality
extrusion products to Jaguar Land Rover's British company as a Tier-1
supplier. This relationship is the first collaboration between the
two companies, and marks the Group's first foray into the supply
chain of automakers outside China.
A long-time key supplier of
aluminium products for Chinese high-speed trains, China Zhongwang has
stayed committed to propelling the light-weight development in transportation
sector and has accumulated valuable experience from aluminium alloying to
welding techniques, to expand the applications of aluminium in the automotive industry. With
its one-stop solutions in design, research and development
("R&D"), production and assembly, the Group has developed and
supplied numerous aluminium solutions for a number of renowned Chinese
automakers. China Zhongwang is the exclusive supplier of the
aluminium-intensive car body for both Chery's electric car "eQ1"
model, and "QiantuK50", the electric sports car newly-launched by
CH-Auto Technology this August.
Mr. Lu Changqing, Chairman
and President of China Zhongwang, said, "With its solid strength, the Group
has become a Tier-1 supplier to Jaguar Land Rover, signifying another
achievement in exploring high-end applications of aluminium. China
Zhongwang's advantage lies in its comprehensive R&D capabilities, capacity
that covers the entire production process, and thorough quality control system,
which ensure its product performance meets the highest standard in the
industry. We will maintain close collaboration with Jaguar Land Rover to
present the best products to the market."
As energy saving and
emission reduction are being promoted worldwide, the green policies are shaping
a rosy outlook for the light-weight development in the automotive
industry. The Group is widely recognised for its integrated light-weight
solutions which help customers lower R&D costs and enhance productivity.
The Group has been actively engaging with automakers and component
suppliers around the world to explore the potential market opportunities
together and jointly promote the light-weight development of the automotive
industry.
About China Zhongwang
Holdings Limited
China Zhongwang is the
second largest industrial aluminium extruded products developer and
manufacturer in the world and the largest in Asia. The Group provides a
myriad of quality fabricated aluminium products and offers integrated
light-weight solutions for such downstream sectors and fields as ecological
construction, transportation, machinery and equipment and electric power
engineering.
With shared resources, the
Group's core businesses, namely industrial aluminium extrusion, aluminium flat
rolling and further fabrication have achieved synergistic development. In 2017,
the Group expanded its business presence in the transportation sector by
acquiring Aluminiumwerk Unna AG., a leading aluminium extrusion manufacturer,
and Silver Yachts Ltd., a large-scale all-aluminium superyacht builder, tapping
into the end-use manufacturing in the marine sector as well. Having built
excellent teams of research and development, technology and design, the Group
is able to provide one-stop light-weight solutions covering independent design,
manufacturing, fabrication and after-sales services. Looking ahead to the
future, the Group will continue to promote the applications of high-end
fabricated aluminium products, aiming to offer light-weight solutions to the
society so that people can live a quality life with low energy consumption.
For further information on
the Group, please visit our official website at www.zhongwang.com.
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