Axalta Coating Systems and Shanghai Kinlita Chemical signed an agreement to form a joint venture in China. Aimed at driving deep into China's burgeoning commercial truck market, the agreement leverages Axalta's position in advanced coating technologies with Kinlita's strong position in China's commercial truck market to create a powerful and compelling new presence in China's commercial truck market. The commercial truck industry plays a vital role, from facilitating the transport of goods to supporting the expansion of the nation's infrastructure, in supporting China's economic development.