Tank Sports forms alliance with Jianshe Industry Group
March 20, 2007
Filed under Features
Tank Sports has signed an agreement to form a strategic alliance with Jianshe Industry Group, Ltd.
“One of Jianshe's strengths is its large displacement engine ATV, along with a professional team of R&D engineers and equipment,” said Jiangyong Ji, Tank CEO. “Tank has more than 500 dealers nationwide who are hungry for these larger displacement engine ATVs, and the alliance will strengthen Tank’s weakness in the area of larger power ATVs.”
The alliance with Tank will provide Jianshe an outlet for its products in the United States with an already-established distributor.
The cooperative aspect of the two companies will include joint research and development of 250cc, 400cc and 700cc ATVs, with service and technical support provided by Jianshe. At the same time, Tank has obtained the right to become the exclusive wholesaler of Jianshe products in the United States and Mexico.
The alliance between Tank and Jianshe will provide Tank’s American dealers with a larger variety of ATV products for the 2007 riding season and it is projected to increase Tank’s sales revenue.