In order to enter the next 25-year win-win road with Chinese partners, on October 22nd, 2011, the Cummins Global Board of Directors was specially selected to be held in Wuhan, China.
On November 15, 1986, Dongfeng Motor and the United States Cummins Corporation signed the B-series engine license contract in the Great Hall of the People and sent it to the then-current negotiator, incumbent Cummins Global Vice President Steven M. Chapman, as a stainless steel fitness ball. Memorial gift. At that time, such a pair of fitness balls was a popular item in China for family gifts and gifts for relatives and friends. Time flies, and 25 years later, China has undergone earth-shaking changes. The past popular fitness ball may have long been forgotten by people. In spite of this, on October 24, 2011, Cao Side frankly stated at the celebration of the 25th anniversary of Dongfeng Cummins' cooperation that whenever he saw the pair of fitness balls placed at his desk, he was greatly pleased.
Cao experienced Cummins's 25 years of development in China. It was precisely because Cummings decided to come to China in the decision-making that it had today Dongfeng Cummins' position in the market and Cummins' business scale in China. In 1986, because Dongfeng Automobile needed to develop an 8-ton truck, it needed a diesel engine with advanced technology. Cummins, far from the other side of the ocean, came to hear about the business. Then it started a win-win partnership with its partner Dongfeng Motor for 25 years. the road.
Cao Side recalled that the cooperation between Dongfeng and Cummins is roughly divided into four phases:
In 1986, Dongfeng began to produce Cummins B-series engines as a license; in 1996, Dongfeng and Cummins formed a joint venture; in 1999, Dongfeng Cummins integrated products and assets were included in Dongfeng shares in China A-shares; in 2006, Dongfeng and Cummins jointly The establishment of the Cummins East Asia Research and Development Center started the joint R&D cooperation between the two parties. In the past 25 years, Dongfeng Cummins has achieved cumulative sales of more than one million engines in 2007. In 2010, Dongfeng Cummins sold 230,000 units that year, and its sales revenue exceeded 10 billion yuan. It has become an important member of Dongfeng Motor's development. It is also one of the important profit sources of listed company Dongfeng. In order to achieve better development in the future, we will be able to enter the next 25-year win-win road with our Chinese partners. On October 22, 2011, the Cummins Global Board of Directors deliberately chose to hold a meeting in Wuhan, China, to express Cummins’s emphasis on the Chinese market and its partners including Dongfeng Motor in the future.
Tom Linebarger, who will be the chairman and CEO of Cummins at the end of 2011, said that in order to continue to achieve a win-win situation with Dongfeng Motor in the next 25 years, both parties must support each other on the basis of active communication and realize each Strategic goals. Cummins's strategic goal is to achieve sales of $30 billion by 2015, and Dongfeng Motors' goal is to fully enter the international market. “We have a wealth of operational experience in the global market and accumulated a large number of customers, governments and other resources. Cummins is willing to help Dongfeng Motor achieve its strategic goals in technology and in all aspects,†said Lan Bowen.
In order to further support the internationalization of Dongfeng Motor, Cummins will better adapt to the needs of the Chinese market. On the afternoon of October 24, the Cummins East Asia Research Center held a ceremony to celebrate the second phase of the expansion project. Cummins will invest 61 million U.S. dollars in China in the next five years to expand the East Asia Research and Development Center laboratories. By 2012, it will expand from the existing 9 laboratories to 18, and by 2013 it will achieve 30 laboratories. The number of employees will also expand from the existing 171 to 388. The R&D center's emission technology capabilities have reached Euro VI standards. The R&D content covers turbocharger technology, post-discharge treatment systems, filtration systems, fuel and control systems, and generator sets and new energy technologies.
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