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Recently, Jianghuai Automobile and Weichai Power formally signed a strategic cooperation agreement at Weidu Weifang, where Weichai Power is located. The two sides formally established a strategic partnership. This means that in the future, both parties will have more in-depth cooperation in the R&D, manufacturing, sales and service of related products and components.
Jianghuai Automobile and Weichai Power are one of the most influential integrated automobile manufacturers in China, and one is the strongest auto parts and assembly system industry group in China. The signing of the strategic cooperation agreement between Jianghuai Automobile and Weichai Power is based on mutual benefit and win-win cooperation among enterprises, and it is also a forethought to deal with the great environment of China's auto market. It is understood that in recent years, Jianghuai Automobile has entered the fast lane of development, especially its heavy truck sales have steadily increased. In 2013, it achieved sales of 29,000 units, a year-on-year increase of 42%, and a market share of 4.3%, firmly occupying the sixth place in the industry. . According to reports, cooperation and alliance has become an effective way to achieve a win-win situation between vehicle companies and parts and components companies. The strategic cooperation partnership between JAC and Weichai Power will have a profound impact on the development of the two companies and will take off for the development of the two automotive industries in Huilu. Tan Xuguang, chairman of Shandong Heavy Industry Group and chairman of Weichai Power Co., Ltd., said that after the signing of the strategic agreement, both parties will strengthen cooperation in new business areas.