Zhongda Motors Inc. Incorporates Sichuan Passenger Cars into Its Capsules

In a significant move that underscores the growing influence of Chinese automotive enterprises, Xu Liankuan, President of Zhongda Group, and Wei Guangyou, Chairman of Sichuan Bus Manufacturing Co., Ltd., recently signed a joint venture and cooperation agreement in Yancheng, Jiangsu. This marks another strategic acquisition for Zhongda Group, following its earlier purchase of the Nanjing Jinling double-decker bus plant. To date, Zhongda has successfully acquired five bus companies, demonstrating its aggressive expansion into the transportation sector. Sichuan Bus Manufacturing Co., Ltd., with over 30 years of experience in passenger car manufacturing, is well-known for its "Sui" brand, which enjoys a strong reputation across China. Located in 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 a comprehensive enterprise, covering research and development, manufacturing, sales, and after-sales services. Under the new agreement, the two parties will establish a joint venture company named 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 own the remaining 29.81%. The newly formed entity aims to combine the existing resources and market strengths of both companies, with a focus on expanding their presence in the road tourist bus market in Southwest China. This collaboration is expected to enhance operational efficiency and strengthen their competitive edge in the region’s growing transportation industry.

Plate And Sheet And Film Matched Host Equipment

Sheet Film Equipment,Sheet Film Direct Extrusion Production Line,Sheet Film Direct Extruder,Plate Sheet And Film Matched Host

Jiangsu Kunwei Langsheng Equipment Technology Co., Ltd , https://www.kunweilanxess.com