ChESS assisted Punch Powertrain, a Belgian CVT transmissions manufacturer, during their site identification for a forecasted annual production of 150 000 transmission units. ChESS prepared the desk research, followed by government-level negotiations, contract negotiations for the purchase of the factory buildings & specific investor tax benefits. Overall coordination, including obtaining the business license for the operations, were also part of our service.
The forecasted annual production of 150000 units has now been doubled to 300000 units. Main key customers in China are a.o. BYD,FAW, Haima, Geely Automotive, Southeast, JAC and Greatwall.