September 21, 2021, Beijing,China & Indianapolis, Indiana, USA － Jing-Jin Electric (“JJE”) and Allison Transmission, Inc. (“Allison”) have signed a broad, global strategic collaboration partnership agreement to accelerate the development of industry leading electrified powertrain solutions for global commercial vehicles. The parties will leverage JJE’s leadership in electric motor and inverter development and JJE’s strong presence in the Chinese commercial vehicle electrified powertrain market, while harnessing Allison’s deep experience and investments in fully electric and electric hybrid commercial duty propulsion systems, commercial vehicle duty cycle expertise, global OEM relationships, and a worldwide distributors and dealers channel.      

Allison brings more than 100 years of experience in building reliable and valued propulsion solutions, including two decades of electrified propulsion systems development and commercialization. JJE brings more than 10 years of experience in industry leading electric motors and power electronics, as well as central and direct drive electrified propulsion architectures. 

The combined capabilities will enable the strategic collaboration partnership to offer innovative and reliable electrified propulsion solutions, to commercial vehicle manufacturers around the world. The partnership will further allow both parties to benefit from a global manufacturing presence and service networks to support customers in local markets. The parties will further define product portfolio scope, manufacturing locations and supporting resources to be provided by each party. In addition, Allison has committed to provide debt financing in support of JJE North America’s commercial vehicle electric drive product development, testing, and manufacturing acceleration efforts.

David S. Graziosi, Chairman and Chief Executive Officer of Allison Transmission, Inc.: “The growing needs of our OEM customers and end user vehicle owners for highly efficient electrified propulsion solutions is what drives our pursuit of innovation. We continually strive to develop solutions that will meet our mission to help our customers work more efficiently and Improve the Way the World Works. Both Allison and JJE share a common goal of developing and supporting industry leading fully integrated electrified propulsion systems and this collaboration will uniquely position us to meet the growing demands and needs of the marketplace.” 

Ping Yu, Founder, Chairman and Chief Executive Officer, Jing-Jin Electric: “Commercial vehicle’s electrification will be one of the greatest contributors to Carbon Peaking and Carbon Neutrality. JJE and Allison will combine our best competencies to create the most powerful, most efficient and most reliable electrified powertrains for our global commercial vehicle customers. Our global manufacturing presence and supply chain will make our products highly cost competitive. We will together make our customers successful in this great transformation toward carbon neutral and zero emission transportation.”

About Allison

Allison Transmission (NYSE: ALSN) is a leading designer and manufacturer of vehicle propulsion solutions for commercial vehicles, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions, and a leader in electrified propulsion systems that Improve the Way the World Works. Allison products are used in a wide variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (school, transit and coach), motorhomes, off-highway vehicles and equipment (energy, mining and construction applications). Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA. With a presence in more than 150 countries, Allison has regional headquarters in the Netherlands, China and Brazil, manufacturing facilities in the USA, Hungary and India, as well as global engineering resources, including electrification engineering centers in Indianapolis, Indiana, Auburn Hills, Michigan and London in the United Kingdom. Allison also has more than 1,400 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.

About Jing-Jin Electric Technologies (JJE)

Established in 2008, JJE is an electrified propulsion leader in components, assemblies and systems for global automotive and commercial vehicle customers.  Headquartered in Beijing, China, JJE has technical centers and production facilities in the United States and China including Michigan, Shandong, and Shanghai.  For more information, please visit www.jjecn.com.