Cummins Inc. and Anhui Jianghuai Automobile Co. Ltd. (JAC Motors) will form a 50:50 joint-venture after Cummins purchased Navistar’s 50% equity of the JAC-Navistar Diesel Engine Company (JND).
The new joint venture will continue its operations at the manufacturing facility in Hefei. Cummins currently supplies light-duty, mid-range and heavy-duty engines to JAC Motors for its domestic market in China as well as its global operations. The JV will continue offering customers leading NS V diesel engines and focus on developing new products that meet NS VI standards.
Cummins said it continues to have a strong and long-term partnership with Navistar.
The ownership change of the joint venture is subject to regulatory approval and the operations of the new joint venture are expected to commence following completion of all approvals.