On the 21st, China South Locomotive Group and Guangxi Yuchai Group signed a strategic cooperation framework agreement in Chengdu, Sichuan Province. Through resource integration, both parties will strive to become R&D and manufacturing bases for power equipment with annual sales revenue of over 10 billion yuan in the next 3-5 years. The largest engine production base in western China.
China South Locomotive Co., Ltd. is China's largest track traffic equipment development enterprise and is mainly engaged in the R&D, manufacturing, and sales of railway locomotives, passenger cars, trucks, EMUs, metro rail transit vehicles and key components. Yuchai Group is the largest engine development company in China and has the capability to produce and sell 600,000 diesel engines each year. Both parties will form a joint venture in Ziyang City, Sichuan Province to jointly promote the rapid development of the engine industry.
Zheng Changchun, President of China South Locomotive Co., Ltd., said that the cooperation between the two parties will further improve the layout of the automobile industry in Sichuan Province and even the western region, drive the development of related companies into a chain, and promote the upgrade of core technologies of Sichuan enterprises to enhance the quality of industrial development. Great promotion of post-disaster reconstruction and economic development in Sichuan.
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