Sinotruk Signs Strategic Cooperation Framework Agreement with SINOMACH

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The strategic cooperation framework agreement between China National Heavy Duty Truck Group and China National Machinery Industry Corporation was signed in Jinan. The two sides announced the establishment of a long-term and stable strategic cooperation agreement, and established a cooperative development mechanism in information sharing and market interoperability.

Chairman of the China National Heavy Duty Truck Group and Party Secretary Ma Chunji and President of the China National Machinery Group Xu Jian attended the signing ceremony.

In his speech, Ma Chunji first introduced the development situation of China National Heavy Duty Truck in recent years and the situation of establishing strategic cooperation with German Man Corporation this year. He said that with the rapid development of China's economy, Chinese companies have become more and more extensive in the world and participated in international competition. The formation of strategic cooperation and alliance among Chinese companies has become a new strategic thinking and business philosophy that enhances the international competitiveness of enterprises. . This time, Sinotruk and SINOMACH established a long-term and stable strategic partnership for the future, established a cooperative development mechanism for information sharing and market interoperability, and jointly developed and explored the global market, which is of great strategic significance to the common development of both parties. Practical significance. I believe that through the joint efforts of both parties, we will certainly achieve a multi-win situation.

In his speech, Xu Jian stated that the SINOMACH, as the vanguard of the Chinese machinery industry, and CNHTC, the leading company of China's commercial vehicles, have extensive cooperation space in many fields such as automotive business. The strategic cooperation between the two parties can not only achieve superior cooperation and resources Sharing and comprehensively enhancing their respective core competencies can more effectively create a mutually beneficial and mutually beneficial cooperation. He said that the companies of the two countries should communicate and cooperate more closely, solidify the foundation of strategic cooperation, and fully guide them in depth.

Mr. Wang Songlin, Vice President of SINOMACH, and Wei Zhihai, Deputy Secretary of the Party Committee of CNHTC Corporation signed the agreement. China National Heavy Duty Truck Group Vice President Yu Youde presided over the signing ceremony.

After the ceremony, Xu Jian and the person in charge of the relevant departments of the SINOMACH accompanied by Wei Zhihai and Yu Youde visited the Zhangqiu Industrial Park of China National Heavy Duty Truck Group. The two parties held discussions on specific issues related to cooperation.

SINOMACH is a large-scale central industrial enterprise group with the most extensive coverage, the most complete business volume, and the strongest R&D capability in China's machinery industry. Its main economic indicators have maintained a high growth rate of over 30% for many years. In 2008, its business volume has exceeded 100 billion yuan. SINOMACH's automotive industry is centered on the business philosophy of "serving carmakers and serving car users", importing car wholesale and retail business, export of complete vehicles and parts, domestic car sales, automobile exhibitions, automobile equipment engineering, and automobiles. Parts and components such as R&D and testing occupy an industry leading position.



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