According to information published on the website of Weichai Power's Yangzhou Diesel Engine Co., Ltd.: Recently, the signing ceremony for the strategic cooperation between Yangzhou City People's Government and Weichai Holding Group Co., Ltd. was held in Yangzhou. Yangzhou municipal government acting mayor Xie Zhengyi and Weichai Group Chairman Tan Xuguang strategic cooperation agreement signed Weichai Group and signed a joint venture agreement with the Yaxing Group, Yang Chai company.

The two sides agreed to deepen cooperation through the integration of various advantageous resources, comprehensively improve the core competitiveness of the auto parts industry in Yangzhou, realize the rapid expansion of Weichai Holding Group in the Yangtze River Delta region, and accelerate the development of Weichai Group’s auto parts and components in Yangzhou. The construction of a shipbuilding power production base will eventually achieve common development. Through strategic cooperation, in the next five years, Weichai Holding Group will accelerate the development of road and non-road small-piston diesel engine business, ship power propulsion system business, special auto business and other auto parts business. According to the actual development of the project, Weichai Group will invest funds in incremental business, realize the rational allocation of new products and technology R&D and market resources, achieve the industrial scale of 10 billion yuan as soon as possible, and build Yangzhou as the Weichai Holding Group in the Yangtze River Delta Region. Auto parts and ship power system manufacturing center.

Analysts believe that the acquisition of Weichai Group in Yangzhou marks the full implementation of Weichai's business strategy for building the Yangtze River Delta business.



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