On October 30, 2024, Weichai Power and Yutong Bus held a strategic cooperation signing ceremony at the headquarters of Yutong. Man Shengang, Secretary of the Party Committee and Chairman of Shandong Heavy Industry Group, and Tang Yuxiang, Chairman of Yutong Group and Secretary of the Party Committee as well as Chairman of Yutong Bus, attended the signing ceremony and engaged in discussions.
Yutong Group is a large commercial vehicle group focusing on buses and trucks, while Weichai is a global leader in the engine industry. The two companies have enjoyed over 20 years of friendly cooperation, forming a strong partnership that has jointly created a series of classic bus products, established a good market reputation, and built a close strategic partnership. The renewal of this strategic cooperation agreement will further deepen their cooperation in areas such as vehicle and power system integration, collaborative research and development, focusing on product value leadership, jointly creating a leading competitive advantage, and exploring the global market together.
Prior to the signing, Man Shengang visited the Yutong Bus Museum, the New Energy Plant, and the New Testing Center, gaining a detailed understanding of the company's development history, product research and development, and intelligent manufacturing. Both parties also conducted in-depth business communication and alignment.