Garrett China Celebrates Key Milestone with 20 Millionth Turbo Produced in China
Shanghai, China – Garrett Motion Inc., a leading differentiated technology provider for the automotive industry, announced today it has achieved a key operating milestone with the delivery of its 20 millionth turbocharger produced in China. The company marked the occasion at a special presentation of a ceremonial turbo to one of its major longstanding customers in China.
Garrett China commenced operations in 1994 and is currently comprised of two state-of-the-art production facilities and one research and development center employing a total of more than 1,000 employees. The company has a broad product portfolio enabling automakers to address strict fuel efficiency and emissions regulations, such as China VI, while enhancing vehicle performance. Based on rising customer demand, Garrett China delivered 10 million turbos over the past four years alone, including both conventional turbos for diesel and gasoline engines and electric-boosting (E-Boosting) products for use in fuel cell and hybrid vehicles.
“Since our inception in the robust China automotive market approximately 26 years ago, we have maintained an intense focus on providing the most advanced turbo technologies to our Chinese customers,” said Garrett President and CEO Olivier Rabiller, “The delivery of our 20 millionth unit in this fast growing region represents an important milestone for our company that underscores our industry leadership and strong customer relationships among both local and global OEMs. Our success is also a tribute to the hard work and dedication of our employees in Shanghai and Wuhan. We intend to build upon our significant accomplishments by further investing in new innovative technologies and enhancing our East-for-East strategy with unmatched end-to-end capabilities, providing a differentiated experience for customers.”
About Garrett Motion Inc.
Garrett Motion is a differentiated technology leader, serving customers worldwide for more than 65 years with passenger vehicle, commercial vehicle, aftermarket replacement and performance enhancement solutions. Garrett’s cutting-edge technology enables vehicles to become safer, more connected, efficient and environmentally friendly. Our portfolio of turbocharging, electric boosting and automotive software solutions empowers the transportation industry to redefine and further advance motion. For more information, please visit www.garrettmotion.com.
This press release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of fact, that address activities, events or developments that we intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements including without limitation our statements regarding the anticipated impact of the COVID-19 pandemic on our business, expectations regarding global automotive demand and execution of our strategy. Although we believe forward-looking statements are based upon reasonable assumptions, such statements involve known and unknown risks, uncertainties, and other factors, which may cause the actual results or performance of the company to be materially different from any future results or performance expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to those described in our annual report on Form 10-K for the year ended December 31, 2019, as updated by our quarterly report on Form 10-Q for the period ended September 30, 2020, as well as our other filings with the Securities and Exchange Commission, under the headings “Risk Factors” and “Cautionary Statement Concerning Forward-Looking Statements.” You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this document. Forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by our forward-looking statements.