On May 13, according to IT Home, Weichai Power and BYD signed a strategic cooperation agreement in Shenzhen. Tan Xuguang, chairman and CEO of Weichai Power, and Wang Chuanfu, chairman and president of BYD, attended the event and witnessed the signing.

The two parties intend to use their respective advantages to establish a more comprehensive and in-depth strategic partnership in the field of new energy, jointly produce power batteries in Shandong, and build a power battery R&D and manufacturing base.

Weichai Power mainly involves powertrain (engine, gearbox, axle, hydraulic pressure), complete vehicle and machine, intelligent logistics and other industries, and has “Weichai Power Engine”, “Fast Transmission”, “Han German Axle”, “Shaanqi Heavy Truck”, “Linde Hydraulic” and other brands.