Dongfeng and Maxion Wheels Hold Groundbreaking Celebration for New Passenger Car Premium Aluminum Wheel Plant

Two Million Wheels Planned for Suizhou, China Location

WUHAN, China–(BUSINESS WIRE)–#DongfengMaxionWheels–Maxion Wheels, the world’s largest wheel manufacturer, with its
new joint venture partner, Dongfeng Motor Parts and Components Group,
held a groundbreaking ceremony on June 6, 2019 at the future site of
their 22,000 square meters plant in Suizhou, China. The new company,
Dongfeng Maxion Wheels Co., Ltd., was honored to share this important
milestone with its distinguished guests including: government officials
and company dignitaries, customers, suppliers and associates.

“With our new partner, Dongfeng Motor Parts and Components, this plant
will serve future demand from global and Chinese vehicle manufacturers
for locally-produced aluminum car wheels,” said Pieter Klinkers, Chief
Executive Officer, Maxion Wheels. “Through our partnership with one of
China’s largest automotive parts companies, we can quickly bring global
aluminum wheel making expertise to the biggest vehicle market in the
world.”

Kai Kronenberg, Vice President and Chief Representative Officer for
Maxion Wheels in China added, “We estimate start of production to be by
the end of 2020, with plans to produce two million die cast,
bright-machined wheels a year.”

ABOUT MAXION WHEELS

Maxion Wheels, a division of Iochpe-Maxion S.A., is a leading wheel
manufacturer for passenger cars, light trucks, buses, commercial trucks,
and trailers. The Company also produces wheels for agriculture, as well
as other off-highway applications. With more than 100 years of
wheel-making experience and 10,000 employees globally, Maxion is the
world’s largest wheel manufacturer, producing almost 60 million wheels
per year. The Company serves its global OEM customers from a vast,
globally-connected network that includes 23 plants in 12 countries, and
state-of-the-art technical centers in the Americas, Europe, and Asia. To
learn more, please visit Maxion Wheels’ website at www.maxionwheels.com.

ABOUT DONGFENG MOTOR PARTS AND COMPONENTS GROUP

Dongfeng Motor Parts and Components Group Co., Ltd., headquartered in
Shiyan, Hubei province, is a subsidiary of Dongfeng Motor Co., Ltd., and
specialized in research & development, manufacturing and sales of auto
parts, including chassis systems, cabin and body systems, electric drive
systems, braking and intelligent driving systems, powertrain systems,
thermal management systems, powertrain systems and lightweight
technologies.

Dongfeng Motor Parts and Components Group Co. Ltd. has 14,000 employees,
38 subsidiaries, including a listed company named Dongfeng Electronic
Technology Co., Ltd. (Stock Code: 600081), 1 overseas company and 14
joint ventures. The annual sales of the Group in 2018 were RMB 18
billion, which make it one of the largest auto parts suppliers in China.

Contacts

MAXION WHEELS MEDIA CONTACT:
Colleen Hanley
Global
Director, Marketing and Communications
Tel: +1 (248) 916-2477
Email:
[email protected]

DONGFENG MEDIA CONTACT:
Zhou Jiazhi
Chief
of Communication, Corporate Culture Communication Department

Dongfeng
Motor Parts and Components Group Co. Ltd.

Tel: +86
(0719) 8221814

Email: [email protected]

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