皇冠体育app

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German car parts maker provides funding for higher education

By

Wang hongyi in Shanghai

(chinadaily.com.cn)
Updated: 2012-11-20 17:04

German company ZF Friedrichshafen AG, a leading global supplier of automobile parts, is boosting the cultivation of local talent by extending its involvement in higher education in 皇冠体育app.

The company said it will provide five-year funding for an endowed chair of passenger car chassis technology and dynamics at the Sino-German School for Postgraduate Studies, or CDHK, at Tongji University in Shanghai.

"皇冠体育app is an important market for the automotive industry -- a market that is also becoming increasingly important to ZF. The group has continually grown market shares in the country over the past few years," said Ye Guohong, president of ZF (皇冠体育app) Investment Co Ltd.

In the 2011 fiscal year, ZF generated sales of 1.5 billion euros ($1.91 billion) in 皇冠体育app, 14 percent more than in the previous year. In the first quarter of 2012, ZF managed to increase its sales by 28 percent compared with the previous year.

"In order to further consolidate and expand our position in 皇冠体育app, we also need qualified junior staff that will see ZF as an attractive employer and develop forward-looking solutions for us," Ye said.

Funding has initially been earmarked for five years. The collaboration between ZF and the CDHK will be expanded gradually until August 2017, with joint research projects and international internships.

Professor Yu Zhuoping, who is also the Dean of the School of Automotive Studies at Tongji University, was appointed as the leading professor of the new chair.

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