Shandong Heavy Industry, Weichai Group and China Lonking Signed a Comprehensive Deepening Strategic Cooperation Agreement

2022-12-15

In the afternoon of December 15th, 2022, Shandong Heavy Industry, Weichai Group and China Lonking signed an agreement on comprehensively deepening strategic cooperation in Shanghai. Tan Xuguang, Secretary of the CPC Committee and Chairman of Shandong Heavy Industry Group, Chairman of Weichai Power, and Li Xinyan, Chairman of the Board of Directors, CEO and President of China Lonking Holding Co., Ltd. attended the event and made speeches.

Li Xinyan said that Shandong Heavy Industry and Weichai Group have always fully supported the development of Lonking for more than 20 years, regardless of whether the market is rising or declining, and whether in the domestic market or in the international market, they are the most trustworthy friends of Lonking. In the future, we will enter a new stage of comprehensive strategic cooperation and establish closer cooperation in more areas according to the principle of "sharing advantageous labor, openness and transparency", and we believe that the path of cooperation between the two sides will become wider and further.

Tan Xuguang said that Weichai Group and China Lonking have gone through more than 20 years of development side by side, and achieved great development in mutual trust and mutual benefit, which is a model of all-win cooperation between state-owned enterprises and private enterprises. In the future development, all-win sharing will become the mainstream of the industry. We should thoroughly implement the new development concept, further deepen all-round strategic cooperation, jointly participate in global competition, and play a leading role in the joint innovation and independent development of China's construction machinery industry.

Before signing the contract, Tan Xuguang and his delegation visited the Lonking (Shanghai) Base. Leaders of Shandong Heavy Industry, Weichai Power, Shantui Construction Machinery Co., Ltd., Strong Co., Ltd., Lovol Engineering Machinery and other enterprises participated in the event.