Ricardo signs strategic cooperation MoU with China’s Great Wall Motor Company

Ricardo signs strategic cooperation MoU with China’s Great Wall Motor Company
24 March 2011

MoU signing by Chairman Wei Jianjun of Great Wall Motor Company and Ricardo CEO Dave ShemmansMemorandum of understanding (MoU) provides a framework for collaboration that will see the two companies work together on a range of new products featuring the very latest in automotive technology and innovation.

The collaboration with Ricardo builds upon Great Wall Motor Company’s stated “3-high” strategy, through which the leading Chinese automaker aims to deliver a range of products featuring high levels of performance, luxury and technology. Among the first product programmes to benefit from this collaboration with Ricardo will be internationally competitive powertrain products including an advanced technology gasoline engine and 6-speed dual clutch transmission (DCT). The MoU between the companies was signed by Chairman Wei Jianjun of Great Wall Motor Company and Ricardo CEO Dave Shemmans.

Commenting on the execution of the MoU with Ricardo, Chairman Wei Jianjun of Great Wall Motor Company said: “The MoU signed today with Ricardo is an important step for Great Wall in our strategy of developing premium products offering high performance, high luxury and high technology. Ricardo is one of the world’s best known automotive technology development companies, with a long history in engine and transmission design.”

Ricardo CEO Dave Shemmans added: "I am extremely pleased to be able to conclude this MoU with one of China’s best known and leading automotive brands. Great Wall Motor Company is an ambitious organization with an extremely impressive forward development strategy that aims to establish the company with a future line-up of world-class products. Ricardo looks forward to helping Great Wall achieve its ambitions in this area, supporting the company on a range of state-of-the-art, technology-rich programmes. This collaboration is a further demonstration of Ricardo’s commitment to assist China’s automakers by providing the very latest in advanced technology and innovation, along with best in class product development processes.”

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