Weichai Power cooperates with BYD to jointly produce power batteries in Shandong Province.
CTOnews.com May 13 news, Weichai Power and BYD signed a strategic cooperation agreement in Shenzhen, Weichai Power Chairman and CEO Tan Xuguang, BYD Chairman and President Wang Chuanfu attended the event and saw the signature.
The two sides plan to make use of their respective advantages to establish a more comprehensive and in-depth strategic cooperative relationship in the field of new energy, jointly produce power batteries and build a power battery R & D and manufacturing base in Shandong.
CTOnews.com Note: Weichai Power is mainly related to powertrain (engine, gearbox, axle, hydraulic), complete vehicle, intelligent logistics and other industries, with brands such as "Weichai Power engine", "Fastar Transmission", "Hande Axle", "Shaanxi Automobile heavy truck" and "Linde hydraulic".
