WABCO Holdings Inc. (NYSE: WBC), a leading global supplier of technologies that improve the safety, efficiency and connectivity of commercial vehicles, today reported details of its new multi-year supply agreement with Geely, one of China’s largest automobile manufacturers and owner of Volvo passenger cars. Extending new business with this existing customer, WABCO will supply the vast majority of vacuum pumps for Geely cars and sport-utility vehicles in the Chinese market, starting in 2019.
WABCO will provide this original equipment manufacturer (OEM) with industry-leading compact vacuum pumps that feature modular, lightweight design and ultra-low power consumption for braking and non-braking functions on gasoline direct-injection engines. This innovative vacuum pump technology enables better fuel economy and reduced emissions. At the same time, to deliver differentiated service to Geely, WABCO’s manufacturing for this major new contract will continue to take place at its world-class factory in Qingdao, China.
In addition, Geely has recently granted WABCO China their “2016 Supplier Excellence” award. This top distinction recognizes WABCO’s superlative overall performance and added value, including WABCO’s outstanding support for Geely’s vacuum-pump volume expansion program.
“We are proud to partner with Geely and connect WABCO’s technology leadership to support their pursuit of automotive excellence,” said Sujie Yu, WABCO Vice President, Asia Pacific. “This major contract further enhances our long-term prospects in China, a growth market for passenger cars and sport-utility vehicles. This new business achievement also demonstrates increasing recognition by leading car makers for WABCO’s differentiation through innovation, high quality, cost effectiveness and localized product expertise.”
“Our multi-year agreement with Geely is yet another example of WABCO’s technology leadership in vacuum pumps as we continue to gain momentum with car makers across the globe, enabling them to improve fuel economy, produce cleaner, greener vehicles, and enhance driver satisfaction,” said Yu. “WABCO differentiates by continually setting industry standards for vacuum pumps that meet rising needs for high performance and ultra-low power consumption.”
