On the morning of the 10th, the opening ceremony of the 5th Pan-Pearl River Delta Regional Economic and Trade Fair and the signing ceremony of the project were formally launched. After the ceremony was initiated, Guangzhou Auto Group Co., Ltd. and Guangxi Yuchai Machinery Co., Ltd. formally signed a strategic cooperation framework agreement at the collective signing ceremony.

It is reported that Guangxi Yuchai Machinery Co., Ltd. is China's largest internal-combustion engine production enterprise, and it has a leading position in the technology research and innovation capability of diesel engines in China.

The main business of GAC Group is the design and manufacture of automotive vehicles and parts, automotive sales and logistics, auto finance, insurance and related services for domestic and foreign markets. It has an independent and complete production, supply, sales and R&D system.

According to the agreement, the two parties will conduct comprehensive cooperation in the field of automobile powertrains and parts and components, and carry out independent technological innovation and cooperation in new energy sources such as passenger car power, hybrid power, and gas; deepen the cooperation between the two sides in light commercial vehicles and discuss The two sides cooperated in the feasibility of medium- and heavy-duty engine project cooperation to jointly promote the cooperation of medium- and heavy-duty commercial vehicles; to optimize, subdivide, and jointly promote the cooperation of existing products; to conduct joint planning and joint research and development of new products to achieve results sharing and channels The goal of co-construction, network sharing, and information sharing is expected to reach RMB 2 billion in cooperative trade within five years.

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