Under the agreement, Winston Global Energy will provide $310 million in capital to MVP RV to promote motorhome exports to China. Additional capital will also be provided for development of all-electric RVs and fast-charging electrical systems. The companies expect to export more than 10,000 type A motorhomesand 20,000 type C motorhomes, valued at approximately $5 billion, to China over the next three to four years. The joint venture will also push the number of jobs at MVP RV, based in Riverside, Calif., from 130 jobs to over 1,400 jobs.
“This is an exciting development for our company and the RV industry,” said Brad Williams, MVP RV president and CEO. “The work being done by RVIA to help promote American involvement in the Chinese RV industry helped set the stage for this to happen.”
“This agreement illustrates the potential of the Chinese RV market for U.S. manufacturers and suppliers,” said RVIA President Richard Coon. “It creates jobs here in America to build state-of-the-art RVs that will be exported to China to meet the growing demand for U.S.-manufactured RV products.”
There is strong support for a more focused development of the fledgling RV industry within China as China-based companies are seeking partnerships with American RV companies to build products for Chinese consumers who have more disposable income, more leisure time and a growing interest in RV travel and camping.
With the tremendous potential represented by this new market, RVIA has been working for several years to help association members gain a foothold. The association has organized a trade mission to China; hosted Chinese trade groups at the National RV Trade Show; and worked with business leaders, organizations and government contacts in China to discuss industry standards and other regulatory issues.
The agreement between MVP RV and Winston Global Energy Limited was announced in a press release from the White House detailing business deals unveiled in connection with the official state visit by Chinese President Hu Jintao to the United States.
An official signing ceremony for the MVP RV and Winston Global Energy agreement and for several other U.S./China commercial partnerships will take place in Chicago on Friday, January 21, at a trade event hosted by the Chicago Council on Global Affairs. The event will be attended by Winston Chung, founder of Winston Global Energy Limited; MVP RV President and CEO Brad Williams; and RVIA President Richard Coon.
The Recreation Vehicle Industry Association is the national association representing approximately 400 manufacturers and component suppliers producing 98 percent of all RVs made in the United States.
Visit GoRVing.comfor more information about RVing and to watch a video on how to get started RVing.
Contact: Kevin Broom, Director of Media Relations, 703-620-6003, ext. 304, kbroom@rvia.org
“This is an exciting development for our company and the RV industry,” said Brad Williams, MVP RV president and CEO. “The work being done by RVIA to help promote American involvement in the Chinese RV industry helped set the stage for this to happen.”
“This agreement illustrates the potential of the Chinese RV market for U.S. manufacturers and suppliers,” said RVIA President Richard Coon. “It creates jobs here in America to build state-of-the-art RVs that will be exported to China to meet the growing demand for U.S.-manufactured RV products.”
There is strong support for a more focused development of the fledgling RV industry within China as China-based companies are seeking partnerships with American RV companies to build products for Chinese consumers who have more disposable income, more leisure time and a growing interest in RV travel and camping.
With the tremendous potential represented by this new market, RVIA has been working for several years to help association members gain a foothold. The association has organized a trade mission to China; hosted Chinese trade groups at the National RV Trade Show; and worked with business leaders, organizations and government contacts in China to discuss industry standards and other regulatory issues.
The agreement between MVP RV and Winston Global Energy Limited was announced in a press release from the White House detailing business deals unveiled in connection with the official state visit by Chinese President Hu Jintao to the United States.
An official signing ceremony for the MVP RV and Winston Global Energy agreement and for several other U.S./China commercial partnerships will take place in Chicago on Friday, January 21, at a trade event hosted by the Chicago Council on Global Affairs. The event will be attended by Winston Chung, founder of Winston Global Energy Limited; MVP RV President and CEO Brad Williams; and RVIA President Richard Coon.
The Recreation Vehicle Industry Association is the national association representing approximately 400 manufacturers and component suppliers producing 98 percent of all RVs made in the United States.
Visit GoRVing.comfor more information about RVing and to watch a video on how to get started RVing.
Contact: Kevin Broom, Director of Media Relations, 703-620-6003, ext. 304, kbroom@rvia.org
