Rhenus and Zhengtong Auto sign MoU
Rhenus Logistics and Zhengtong Auto, a wholly-owned subsidiary of ZhengTong Auto by Xiamen ITG Holding Group, have signed a Memorandum of Understanding (MoU) to support Zhengtong Auto’s logistics needs in Poland.
Signed at Rhenus’ Shanghai office, Rhenus Group’s Greater China headquarters, on 4 November, the agreement will position Rhenus as a strategic partner in automotive logistics, while enabling Zhengtong Auto to extend their growth into Europe with an international logistics network.
The MoU was signed by Hong Shaoyong, General Manager of the Automotive Supply Chain Division China, Zhengtong Auto and Tobias Koenig, CCO of Rhenus Group. The partnership lays the foundation for both companies to collaborate across China and Europe on automotive logistics solutions.
Under the agreement, Rhenus will provide support to establish a Poland-based overseas bonded warehouse and distribution hub. The customized end-to-end logistics solution includes international transportation of finished vehicles from Shanghai to Poland, developing customized SOPs tailored to automotive logistics standards, as well as overseas warehousing, yard management, inventory management and distribution within Poland.
In addition, the two parties are actively developing projects across different European markets, including Italy, Argentina, Belgium, and Norway. The partnership aims to lay the foundation for both parties to develop a scalable international logistics network, enabling ITG’s continued global growth and market expansion.
“Rhenus supported us from the very beginning of our Europe expansion journey. Their ability to combine strategic guidance with strong operational execution gave us the confidence to move forward efficiently,” said Hong Shaoyong, General Manager of the Automotive Supply Chain Division China, Zhengtong Auto.
On the partnership, Tobias Koenig, CCO of Rhenus Group added, “Rhenus has a strong integrated China-Europe network and expertise in developing customer end-to-end solutions for this industry and others, which the partnership is able to leverage on. With our proven capabilities in both early-stage consulting and operational execution, the partnership is well-positioned to scale into a broader international logistics network. We are proud of the trust that Zhengtong Auto has in Rhenus and our team will continue to support their global growth and market expansion.”
