Visteon Corporation (Van Buren Township, MI) plans to take a stake in a supplier of climate control systems affiliated with leading local automaker Chery Automobile (Wuhu). Wuhu Bonaire Auto Electrical Systems is the target of the investment initiative.
|Visteon boosts Mainland climate control footprint.|
"We are pleased to form a strategic alliance with Visteon, which is a strong player in the global automotive market and well known for its climate technology," said Zhang Ping, president of Chery Technology. "We are confident this new structure will enhance our brand and product quality to provide better products and services to our customers."
Visteon is one of the world's leading manufacturers of climate products for vehicles, including compressors, HVAC, powertrain cooling and fluid transport solutions. The company has 17 climate manufacturing sites in Asia, including eight wholly-owned or joint venture facilities in China.-[email protected]