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.