Zhongda Motors Inc. Incorporates Sichuan Passenger Cars into Its Capsules

In a recent development, Xu Liankuan, the president of Zhongda Group, and Wei Guangyou, chairman of Sichuan Bus Manufacturing Co., Ltd., signed a joint venture and cooperation agreement in Yancheng, Jiangsu. This marks another strategic move by Zhongda Group, following its earlier acquisition of the Nanjing Jinling double-decker bus plant. To date, Zhongda has successfully acquired five bus companies, further solidifying its position in the transportation industry. Sichuan Bus Manufacturing Co., Ltd. has a long-standing history of over 30 years in passenger vehicle manufacturing. The company is well-known for its "Sui" brand, which enjoys a strong reputation across China. Located within the Chengdu Airport Development Zone, the company has an annual production capacity of 3,000 units of various types of passenger vehicles. It operates as an integrated enterprise engaged in research, development, manufacturing, sales, and after-sales services. As part of the agreement, the two parties have established a new joint venture company—Sichuan Zhongda Coach Manufacturing Co., Ltd.—based on the former Sichuan Provincial Bus Manufacturing Co., Ltd. Zhongda Group will hold 70.19% of the shares, while Sichuan Bus Manufacturing Co., Ltd. will retain 29.81%. This partnership aims to combine the strengths of both entities, leveraging their existing resources and market presence. The newly formed joint venture is expected to enhance and expand the road tourist bus market in Southwest China. By integrating production capabilities and market access, the company is poised to strengthen its competitive edge and meet growing demand in the region. This collaboration highlights Zhongda Group's continued expansion strategy and its commitment to driving growth through strategic alliances.

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