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On February 24, 2011, Knorr-Carfor Commercial Vehicle Brake System (Chongqing) Co., Ltd., jointly established by Kafu Automotive Company of Chongqing Electromechanical Group and Knorr-Bremse Group Asia Pacific (Holdings) Co., Ltd., was formally established. Established. The newly formed joint venture will not only become an important supplier of domestic automotive brake systems, but will also rely on Knorr-Leste’s world-leading technology to enter the market for rail vehicles and high-speed train brake systems on a timely basis. 
It is understood that the German Knorr Group, established in 1905, is currently the world's most powerful manufacturer of commercial vehicle brake systems. In 2010 alone, its global sales revenue exceeded 33 billion yuan. As early as 1995, Knorr began to negotiate with Kafu Company on the establishment of a joint venture, but the conditions for cooperation were not yet mature. With the improvement of the technical requirements for high-end commercial vehicle brake systems in China, the best time is gradually coming and the two parties will be able to cooperate. As a private company, Knorr does not mind Cafu's state-owned assets background. Kafu is a trusted partner and cooperation with it will increase Knorr's product competitiveness and market share in China.
According to reports, the registered capital of the joint venture company is 14.609 million euros (approximately 128 million yuan). Chongqing Kafu Company and Germany Knorr Group hold 34% and 66% of the shares respectively. The company will mainly be engaged in the supply of air (eg air driers) and brake controls (eg air valves) for medium and heavy commercial vehicles. Driveline products and clutch system products.
As an inland municipality directly under the central government, Chongqing is building an open highland in the west. Not only to attract capital, but more importantly to attract foreign technology and talent. Kafu and Knorr set up joint ventures to introduce Knorr's world-leading technology to Chongqing.
The automobile industry is the first pillar industry in Chongqing, but in the field of high-end brake systems, Chongqing auto parts manufacturers have not yet mastered the best technology. The cooperation with Knorr will make up for the technical insufficiency of CAFORE. After the establishment of the joint venture, it will strive to become the most technologically and competitively competitive commercial vehicle component supplier in the Chinese market.
This joint venture was established not only for automobiles but also for the braking systems of rail vehicles, subway vehicles, high-speed trains and EMUs. The speed of China's high-speed railway has reached more than 300 kilometers per hour, and in the future it will even reach more than 400 kilometers. The requirements for braking systems and braking systems are getting higher and higher. Knorr Company is the world's most famous R&D, development, and manufacturer of railway rail vehicle braking systems, which will help Chongqing to make its mark on the manufacture of braking systems for subway rail vehicles and high-speed railways.
Chongqing Electromechanical Group has reached a tacit understanding with Knorr, and the next step will be further cooperation in rail vehicles to produce more products suitable for rail vehicles.
Interview
Why choose Kafu, Daimler, CEO of Knorr Group Commercial Vehicle Systems
It's like falling in love and finding the right person
Dai Le, CEO of the German Knorr Group's commercial vehicle system, said in an interview with the media that Knorr found a reliable partner at a best time and its prospects in the Chinese market will therefore become brighter.
"Cooperation is like love, we must find a suitable object." Dai Le said that now, China's commercial vehicle brake system is shifting to disc brakes, which is increasingly high demand for technology. When Knorr set up a joint venture with Cafu at this time, it was just right in terms of time and market demand.
After deciding to enter the Chinese market, there are not many domestic companies that Knorr contacted. How can the company be selected by this world-renowned company? “Chongqing is emerging as an economic highland in western China, and Cavo has accumulated rich experience in various aspects such as vehicle braking, steering, suspension system R&D, and production.†Dai Le said that Kafu's good market base is also Knorr valued.
Dai Le said that the global financial crisis has had a huge impact on commercial vehicle companies, and sales of Knorr's global commercial vehicles have also declined during this period. He disclosed that in order to eliminate the impact of the financial crisis, Knorr accelerated the pace and pace of global deployment, and emerging markets such as China and India are becoming more and more important.
Cooperation is an important step for Knorr to accelerate the expansion of the Chinese market. “The main purpose of the joint venture is to get into the market faster and better integrate into the local culture.†Dai Le believes that Knorr's technology and Cafu's market and customer base will help the joint venture become China's most competitive auto parts supply. Business.
Knorr-German Joint Venture Chongqing Kafu Creates China's Strongest Commercial Vehicle Brake System