HONG KONG, CHINA- Media OutReach - October8, 2018 - China Zhongwang HoldingsLimited ("China Zhongwang" or the "Company", together with its subsidiariesthe "Group", stock code: 01333), a world-leading fabricated aluminium productsdeveloper and manufacturer, announced that it has entered into a contract withJaguar Land Rover. The Group willsupply quality extrusion products to Jaguar Land Rover's British company as a Tier-1supplier. This relationship isthe first collaboration between the two companies, and marks the Group's firstforay into the supply chain of automakers outside China.
A long-time key supplier of aluminium products for Chinese high-speedtrains, China Zhongwang has stayed committed to propelling the light-weightdevelopment in transportation sector and has accumulated valuable experience fromaluminium alloying to welding techniques, to expand the applications ofaluminium 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 aluminiumsolutions for a number of renowned Chinese automakers. China Zhongwang is the exclusivesupplier of the aluminium-intensive car body for both Chery's electric car "eQ1"model, and "QiantuK50", the electric sports car newly-launched by CH-AutoTechnology this August.
Mr. Lu Changqing, Chairman and President of ChinaZhongwang, said, "With its solid strength, the Grouphas become a Tier-1 supplier to Jaguar Land Rover, signifying another achievement in exploring high-endapplications of aluminium. China Zhongwang's advantage lies in its comprehensiveR&D capabilities, capacity that covers the entire production process, and thoroughquality control system, which ensure its product performance meets the higheststandard in the industry. We will maintain close collaboration with Jaguar LandRover to present the best products to the market."
As energy saving and emission reduction are being promoted worldwide, thegreen policies are shaping a rosy outlook for the light-weightdevelopment in the automotive industry. The Group is widely recognised for its integratedlight-weight solutions which help customers lower R&D costs and enhanceproductivity. The Group has been actively engaging with automakers andcomponent suppliers around the world to explore the potential marketopportunities together and jointly promote the light-weight development of theautomotive industry.
About China Zhongwang Holdings Limited
China Zhongwang is the second largest industrial aluminium extruded productsdeveloper and manufacturer in the world and the largest in Asia. The Group provides a myriad of quality fabricatedaluminium products and offers integrated light-weight solutions for suchdownstream 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 fabricationhave achieved synergistic development. In 2017, the Group expanded its businesspresence in the transportation sector by acquiring Aluminiumwerk Unna AG., aleading aluminium extrusion manufacturer, and Silver Yachts Ltd., a large-scaleall-aluminium superyacht builder, tapping into the end-use manufacturing in themarine sector as well. Having built excellent teams of research anddevelopment, technology and design, the Group is able to provide one-stoplight-weight solutions covering independent design, manufacturing, fabricationand after-sales services. Looking ahead to the future, the Group will continueto promote the applications of high-end fabricated aluminium products, aimingto offer light-weight solutions to the society so that people can live aquality life with low energy consumption.
For furtherinformation on the Group, please visit our official website at www.zhongwang.com.