News Release:
REV Group Doing Business In China
Stockhouse Reports On A Leading North American Specialty Vehicles Manufacturer & Major Auto Manufacturing Conglomerate In China Joining Forces.
For the latest business news in China, it's been reported that REV Group, a parent company of 29 specialty vehicle brands, announced its established joint venture with China’s Chery Holding Group in Wuhu to manufacture RVs, ambulances and other specialty vehicles for distribution within China and select international markets. REV Group connects and protects communities with vehicles like ambulances and fire trucks, while also offering recreation with vehicles such as RVs. around the clock and around the world with a lineup of vehicles that have long Together, these vehicle brands in the bus, emergency, recreation and specialty markets have manufactured more than 250,000 vehicles in service today — a bumper-to-bumper feat that stretches from New York City to Dallas.
According to a REV Group press release, "Chery and REV will initially focus on RVs, with six models, and ambulances, with six models. The joint venture will also explore the development of other types of specialty vehicles. These products will be sold in China and internationally through Chery’s existing distribution network." This joint venture will combine the strengths of REV and Chery, a leading auto manufacturing conglomerate and the largest exporter of passenger vehicles in China, servicing 6.5 million customers worldwide. Tim Sullivan, CEO and president of REV Group commented, “This is the culmination of two years of extensive research and study of the China market. Several individuals on our management team have extensive experience in China and we wanted to make sure we got it right. This is a significant step in our strategy to move our REV products into the international markets." The RV industry in China will be fueled by an increased level of spending on travel and leisure, with strong support from the Chinese government. REV feels they chose the best partner in Chery for their expansion and are excited for what the future holds.
For the full press release visit RVBusiness.
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