On October 17, 2017, Jingjin Electric, a leader in new energy vehicle motors and transmission systems, signed a strategic cooperation agreement with FAW Group in Shanghai. The two sides will fully develop their respective advantages through the establishment of comprehensive strategic partnerships, and carry out comprehensive and in-depth cooperation in the field of new energy passenger vehicles and commercial vehicles.
According to China Bus Network, Jingjin Electric is the world's leading provider of new energy vehicle motors and power systems. It is also one of the few power system and core component manufacturers in the industry that can cover the most important applications of new energy vehicles. Combination, including motor, electronic control, control software, special transmission for new energy vehicles, reducer assembly, etc. Successfully matched the world's largest passenger car and commercial vehicle companies, as well as a number of high-end innovation pioneers in the automotive industry.
For a long time, Jingjin Electric and FAW Group have maintained close cooperation on various projects. It is the exclusive supplier of H7 plug-in hybrid drive motor built by Hongqi. It is also the red flag pure electric vehicle, the liberation series logistics vehicle and the new FAW. The backbone supplier of energy buses.
Revitalizing new energy vehicles and making Hongqi the first luxury brand in China is an important strategy of FAW Group. Yu Ping, chairman and CEO of Jingjin Electric, said: “I am very honored to be a strategic partner of FAW Group and will fully support and cooperate with FAW Group. Energy development strategy to provide competitive new energy vehicle power system solutions."
The signing of this strategic cooperation marks the further deepening of the cooperation between Jingjin Electric and FAW Group, and represents the mutual trust and sincerity of the two companies. We believe that this will be a strong cooperation in promoting the development of new energy vehicles. Cooperation and win-win scenery.
China First Automobile Group Corporation is referred to as “China FAW†or “FAWâ€. The English name is FAW, a member of the central enterprise, and a state-owned super-large automobile manufacturer. FAW headquarters is located in Changchun City, Jilin Province, formerly the first automobile manufacturing plant, and Chairman Mao Zedong inscribed the name of the factory. FAW was laid in 1953. It was built and put into operation in 1956, and the first Chinese liberation truck was built. In 1958, the first Dongfeng brand sedan in New China and the first red flag limousine were built. The completion of FAW has created a new history of the Chinese automobile industry. After more than 50 years of development, FAW has become one of the largest auto enterprise groups in China. FAW's production and sales volume and operating income have been among the forefront of the Chinese auto industry for many years. In 2010, in 2010, the value of “China FAW†brand reached 65.332 billion yuan; it ranked 141st in “the world's 500 largest companiesâ€.
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