German ZF teamed up with Sinotruck to build steering base

Today, the ZF Commercial Vehicle Steering Gear (Shandong) Co., Ltd. invested by Germany ZF Group, one of the world's top 500 companies, was officially put into production in the Lingang Economic Development Zone, Jinan, Shandong. The project has invested a total of RMB 350 million to produce commercial vehicle steering gear and related products and components.

According to the plan, ZF Group of Germany will cooperate with CNHTC Group to build Lingang Economic Development Zone into the largest steering gear and parts processing and production base in China within three to five years.

It is reported that the German ZF Group was established in 1915 and is a world-renowned automotive key component supplier. It has 125 plants in 26 countries and its products are mainly supported by top OEMs such as BMW, Mercedes-Benz and Volvo, and its annual sales exceed 100. Billion dollars, ranking 15th among global automakers. ZF Commercial Vehicle Steering (Shandong) Co., Ltd. is a flagship key enterprise currently located in the Lingang Economic Development Zone automobile parts base.

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