Futian Automobile and Weichai Power, which have always had a good cooperation relationship, once again approached Weifang on July 6 to discuss deepening strategic cooperation. The upgraded version of the Weichai Blue-Qing National IV engine was announced at the same time. The matching test will be carried out with Foton Motor.
On June 28 last year, Foton Motors and Weichai Power signed a comprehensive strategic cooperation agreement. Over the past year, both parties have intensified their cooperation in product chain innovation, improving resource allocation efficiency, jointly developing markets, and jointly building market service networks. Deepening the level of cooperation has further consolidated the alliance between the two sides and achieved strong alliances and complementary advantages. Today's contact will undoubtedly allow the cooperation between the two parties to enter a more in-depth stage.
Weichai Power is China's largest automotive engine, transmission and parts enterprise group. It owns a cluster of more than 40 high-quality companies and builds synergy between the powertrain, commercial vehicles and auto parts. The new pattern of development is the only group in the country with three major business segments at the same time. Foton Motors is the largest commercial vehicle manufacturer in China. It owns nine major automotive brands such as Auman, Euro V, Omar, and Times, and currently has more than 3 million cars produced and sold.
Weichai Power and Foton Motor's products are highly complementary and rely on each other and have a strong correlation in the automotive industry value chain. Weichai Power has been the main supplier of the core components of Foton Motors for many years. Over the years, Weichai Power and Foton Motor have maintained a good relationship of cooperation in product manufacturing, technology research and development and sales services, and have actively explored ways to deepen cooperation. On April 28, 2006, Weichai Power signed a strategic alliance framework agreement with Foton Motors, Germany's BOSCH company and Austrian AVL company. The four-party agreement will regularly discuss the dynamics of the domestic heavy truck market, determine their respective market development strategies, and jointly develop and design leading international automotive power products. Futian Automobile and Weichai Power will cooperate in the research and development of power systems based on the needs of vehicles, and at the same time integrate their respective R&D institutions and service networks in the world, and cooperate in market promotion, brand communication, and joint procurement to effectively reduce Costs of both parties and establishment of stronger competitiveness. In addition, Weichai Power and Foton Motor will jointly register and possess the core power brand "Wei Chaiou V Power." The signing of this agreement marks the beginning of strategic cooperation between Weichai Power and Foton Motor.
After several years of practice, Weichai Power and Foton Motor have made remarkable achievements in cooperation. On the basis of cooperation, both parties have achieved continuous growth in their performance.
However, at present, China's auto industry has entered an era of intense competition. In order to accelerate the development of automobiles and improve the level of automobile services, vehicle manufacturers must attach importance to cooperation with major parts and components companies. In order to have a stable customer relationship and consolidate market share, parts and components companies must also pay attention to the relationship with the vehicle companies. There must be co-existence between the vehicle manufacturing company and the core component company, and it cannot be a simple matching relationship. Cooperation and alliance has become an effective way to achieve a win-win situation between vehicle companies and parts and components companies.
Under such circumstances, Weichai Power and Foton Motor have further upgraded their existing cooperative relations, and through the further integration of the upstream and downstream resources of the automotive industry chain to achieve full complementarity and sharing of resources between the two sides, further reduce costs and enhance the competitiveness of both parties. Achieve win-win. This time, the two sides conducted full exchanges on in-depth cooperation and reached consensus.
The Lanqingguo IV engine announced by Weichai Power Co., Ltd., which was announced this time, is an upgraded version of the new development. It has upgraded the electronic control system with a 12-liter mature model of Weichai Power's Lanqing WP12 series as its development platform. Units, supply units, costs, etc. are all superior, with features such as low emissions, high economy, high dynamics, and high driving comfort. It continues to uphold the design philosophy of Lanqing WP12 III, including high pressure common rail electronic control. The fuel system, four-valve intake and exhaust system, and SCR exhaust after-treatment system are designed to optimize the design of the combustion system. It is the core technology of the National IV diesel engine.
Foton Motor announced here that it is looking forward to matching the new model of Weichai, because the former Blue Engine Group III and Foton Motor had very happy cooperation, strong alliances, opened up a broad market space, and created impressive Performance. Therefore, they have full confidence in this match.
Fenghua Jade Motor Co., Ltd. , http://www.yonlin-ballvalve.com