Yuchai reached strategic partnership with Changfa Group

On May 17, 2017, Yuchai shares and Changfa Group held a strategic cooperation signing ceremony at the Changfa Building Convention Center.

At the signing ceremony, Wu Qiwei, president of Yuchai, and Huang Xiaoping, chairman of Changfa Group, signed the agreement on behalf of the companies. Both parties will make use of their respective strengths to develop long-term, stable and comprehensive cooperation in product R&D, technology, production, quality, service, logistics, and cost.

Yuchai shares strategic cooperation with Changfa Group

As an advanced manufacturer of medium and high-end internal combustion engines, Yuchai is a market leader in heavy trucks, passenger cars, agricultural machinery and other industries. Changfa Group, with its strong technical force and advanced technological design, has produced many domestic and international first-class agricultural products, and has a strong reputation in the agricultural machinery industry.

The two parties agreed that as the two leading enterprises in the agricultural machinery and internal combustion engine industries, they all have a complete manufacturing industry chain and customer groups, have a good basis for cooperation, and have strong complementary and synergistic effects. The signing of this strategic cooperation agreement will enable the two parties to establish a closer strategic cooperative partnership in long-term stable cooperation, complementary advantages and resource sharing.

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