On December 27, 2013, Jianghuai Automobile and Weichai Power formally signed a strategic cooperation agreement in Weidu Weifang, where Weichai Power is located. Chairman of Jianghuai Automobile Group Co., Ltd., An Jin, General Manager of Jianghuai Automobile Co., Ltd. Xiang Xingchu, Chairman of Shandong Heavy Industry Group Co., Ltd. and Chairman of Weichai Power Co., Ltd. Tan Xuguang, Executive Director of Weichai Power Co., Ltd. Zhang Shaojun and Zhang Quan attended the signing ceremony. ceremony. Xiang Xingchu and Zhang Quan jointly signed a strategic cooperation agreement on behalf of Jianghuai Automobile and Weichai Power, respectively, and the two sides formally established a strategic cooperative 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.
The alliance between Jianghuai Automobile and Weichai Power can be described as a perfect combination. One of them is an influential integrated automobile manufacturer in China, and the other is the strongest auto parts and assembly system industry group in China. The two established a good business partnership long before the signing of the strategic cooperation agreement. 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 the sales of heavy trucks, which has been steadily increasing. In 2013, it has achieved remarkable results. The annual sales achieved 29,000 vehicles, a year-on-year increase of 42%, and the market share was 4.3%. Firmly occupy the sixth place in the industry. Jianghuai Automotive and its suppliers of components and powertrains have established a more stable, mutually beneficial, and more convenient strategic partnership to ensure a better market satisfaction rate, enhance customer satisfaction, and at the same time build sustainable development for both parties. force. 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.
In response to this strategic cooperation, Tan Xuguang, chairman of Shandong Heavy Industry Group and chairman of Weichai Power Co., Ltd., said that after the signing of the strategic agreement, the two parties will strengthen cooperation in new business areas, especially JAC enters the heavy truck field, and has even more engines. With high demand, Weichai Power will give full play to its advantages and develop more competitive engine products for Jianghuai Automobiles, especially JAC Heavy Duty Trucks, and provide more high-quality services to fully support the development of JAC. "After the signing of today's strategic agreement, I believe that the two companies complement each other and achieve greater success in market competition," said Tan Xuguang.
An Jin, chairman of Jianghuai Group, also highly praised the strategic cooperation. He stated that Weichai Power is the largest diesel engine manufacturer in China and the main supplier of JAC heavy truck since its inception. Both parties have always had a very good cooperative relationship in R&D, manufacturing, sales, and service. It is hoped that the two parties will establish a rapid response mechanism through deepening cooperation and integrate quality resources from both parties in terms of simultaneous development, lean production, service sharing, and market synergy. This will continue to create customer value, enhance the competitiveness of both markets, and achieve mutual benefits.
Industry experts predict that the strategic alliance between JAC and Weichai Power will give full play to its advantages and effectively reduce costs, which will prompt JAC to further increase sales and expand market share. The increasingly obvious advantages of strategic alliances will also prompt more automakers to strengthen strategic alliances with parts and assembly systems companies and achieve strong alliances, which will change the existing automobile structure and boost the realization of China's auto power dream.
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