Commercial Vehicle Group announces new customer, product wins in China
Commercial Vehicle Group announced new customer and product wins in the China market in its Global Seating segment. CVG was awarded the next generation heavy duty truck platform utilizing its World Platform seat solution for Dayun, a leading heavy- and medium-duty truck manufacturer in China. CVG Shanghai expects delivery to Dayun to begin in the second half of 2019 ramping up production into 2020. In addition, the company announced that it will be supplying long-term customer, Foton-Daimler, a newly engineered heat and ventilation seat system for their new high-end truck platform. CVG has been a long term supplier to Foton-Daimler, supplying them truck seats on other heavy-duty truck platforms. CVG believes these opportunities combined will provide approximately $7 million to $10 million in annual revenue once fully ramped.