U.S. Axle Manufacturing Holdings Inc. (NYSE AXL, Chinese Acronym for American Axle, AAM) has announced that it will proceed to a joint venture with Anhui Jianghuai Automobile Group’s wholly-owned subsidiary, Hefei Axle Co., Ltd. After the completion of the project, the joint venture company will have a 100% light commercial vehicle axle business at Hefei Axle. The joint venture company, Hefei Meiqiao Automobile Transmission and Chassis Systems Co., Ltd., mainly produces SUV and MPV rear drive axles, front axles, power take-off (PTU), final drive assembly, and chassis suspension modules for cars. An important supplier of branded markets. After the completion of the capital increase project, the joint venture will also produce the drive axles and front axles for light commercial vehicles, which will be supplied to a number of OEMs including JAC and Foton Motor. The capital increase project makes the American Axle Bridge the second largest axle supplier in China's light commercial vehicle market. After the capital increase, Hefei Meiqiao Manufacturing Plant is located in the provincial-level economic and technological development zone in Anhui Province and covers an area of ​​107,000 square meters, of which the workshop area is 54,000 square meters. The joint venture will be officially launched in 2011. Richard Dow, co-founder and Chairman of the American Axle Bridge, said: “The Hefei Meiqiao after the capital increase further enriched the product variety and customer base of the American Axle in the Chinese market, which is consistent with the rich product line that Mito Bridge has implemented. , Expanding the target market and aligning the strategic development direction in the global expansion.To expand cooperation with Jianghuai Automobile, the American axle is very happy and we look forward to a long-term successful cooperation. Case Filler,Case Closed Filler,Best Case Filler,High Qulity Case Filler WENZHOU TRUST MACHINERY CO.,LTD. , https://www.case-packing-machine.com