On the morning of November 24th, the Yangzhou City Government and Weichai Holding Group Co., Ltd. formally signed a strategic cooperation agreement. The two parties will carry out in-depth cooperation by integrating their respective advantageous resources to build Yangzhou into a vehicle of the Weichai Holding Group in the Yangtze River Delta Region. Components and ship power system manufacturing center will fully enhance the core competitiveness of the automobile and parts industry in Yangzhou City. Wang Yanwen, Party Secretary of Yangzhou City, Xie Zhengyi, Mayor of the Municipal Party Committee, and Zhang Xinqi, Party Secretary of Weifang City attended the signing ceremony.
According to the cooperation agreement, Weichai Holding Group will accelerate the development of road and non-road small-bore diesel engine business, marine power propulsion system business, special vehicle business and other auto parts business, etc. Weichai Group will be in the incremental business according to the actual development of the project. We will invest funds to realize the rational allocation of new products and technology research and development and market resources, accelerate the construction of Weichai Group's Yangzhou auto parts and ship power manufacturing industry base, and reach a scale of 10 billion in the next 3-5 years.
Zhao Kezhi, member of the Jiangsu Provincial Standing Committee and executive vice governor, expressed his welcome to the hometown people who have come from Shandong. He said that Weichai is a very growing company. This cooperation is of great significance. Weichai’s advancement into Yangzhou is to occupy the market in the Yangtze River Delta, and at the same time, it will also make Yangchai get a big one. development of. He praised the municipal government of Yangzhou for its far-sightedness and said that we welcome companies like Weichai with excellent teams, high-quality brands and products to come to Jiangsu and come to Yangzhou to develop. We will support and provide services. Zhao Kezhi said that Jiangsu is seeking transformation and development. Only by further emancipating the mind, and actively introducing advanced concepts, management, and technology, can the park and the enterprise be upgraded and transformed to achieve the goal of transitioning to an innovative economy. He said that Shandong Province has a unique advantage in the field of equipment manufacturing in China. Jiangsu Province has strong strength in technology research and development, service outsourcing, etc. Both parties should seek to complement each other and deepen cooperation. We believe that the cooperation between Weichai and Yangzhou will surely achieve a win-win situation. We also hope that Weichai will use Yangzhou as a base, and in the implementation of the strategy of the Yangtze River Delta, we will make great achievements and create new glories.
Zhang Xinqi and Tan Xuguang, chairman of Weichai Group, said that the cooperation with Yangzhou signified that Weichai will use Yangzhou as a base to create a comprehensive implementation of the Yangtze River Delta business strategy. Weichai Holding Group will accelerate its development in the Yangtze River Delta region and eventually achieve win-win cooperation with Yangzhou.