Beiqi Foton and Yuchai Hold High-level Talks and Sign Strategic Cooperation Agreement

September 22，At Yuchai headquarters，Beiqi Foton Motor Co., Ltd. held high-level talks with Guangxi Yuchai Machinery Co., Ltd.。The two sides had friendly exchanges on further deepening cooperation.。

Party Secretary of Beiqi Futian、Chairman Chang Rui，Deputy Party Secretary of Beiqi Futian、General Manager Wu Xibin，Li Hanyang, Chairman of Yuchai Co., Ltd.、President Wu Qiwei and others attended the talks.。

In the talks，The relevant person in charge of Yuchai shares introduced Yuchai 1235 strategy.、Product planning、Strategic cooperation between the two sides.；Beiqi Foton introduced its strategic plan for the Southeast Asian market.。The two sides discussed the development trend of medium-sized Trucks in overseas markets.、They exchanged views on market promotion and strategic cooperation.。

Chang Rui said，Beiqi Foton will take a more open attitude.，Maintain good partnership with Yuchai Co., Ltd.。Especially in the current difficult market environment.，More importantly, we should adhere to the long-term cooperation strategy put forward by both sides.，Mutual understanding，Support each other，Hold together to keep warm，Give full play to their respective advantages，Explore market opportunities，Through its own product development and technological breakthroughs，Better meet customer needs，Seize the market opportunities。

Wu Xibin said，The strategic cooperation between Beiqi Foton and Yuchai is long-term.，In overseas markets，Both sides should maintain their determination.，Be prepared for long-term cooperation，From strategy、Tactically achieve a breakthrough，Break the monopoly of Southeast Asian market by foreign brands.。

Li Hanyang thanked Beiqi Futian for its trust and support to Yuchai.。He said，Yuchai hopes to have deeper and broader cooperation with Beiqi Foton.，It's not just in the engine area.，In the electromechanical、Logistics and so on，Yuchai can also create value for Beiqi Foton。In the overseas sector，Yuchai will follow the pace of Beiqi Futian.，Work together to open up a vast overseas market。

Period，Beiqi Foton and Yuchai Co., Ltd. held the signing ceremony of strategic cooperation in Southeast Asia，Ma Rentao, Vice President of Beiqi Foton Business、Wang Limin, Vice President of Yuchai Co., Ltd., signed the contract on behalf of the enterprise.。According to the agreement，Yuchai will set up a company and factory in Thailand，Production of a full range of new platform engine products，To meet the needs of Beiqi Foton's Vehicle power system in the Thai market.，And take this as a starting point.，Radiate the entire Southeast Asian market，To achieve the overseas strategic objectives of both sides。

It is understood that，Beiqi Foton and Yuchai began to cooperate in 2001.，In 2018, the two sides began overseas strategic cooperation.。After this signing，It will push the cooperation between the two sides to a new level.。

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