Foton Motor and China Regeneration Sign Strategic Cooperation Agreement

December 29, 2023

Xu Tiecheng（Left）、Yang Guotao（Right）Signed on behalf of both parties

December twenty seventh，Foton Motor and China Renewable Resources Development Group（Hereinafter referred to as“Medium regeneration”）Signing of strategic cooperation agreement。Secretary of the Party Committee of China Regeneration、Chairman Ge Shuyuan，Secretary of Futian Automobile Party Committee、Chairman Chang Rui attended the signing ceremony and delivered a speech.。Member of the Party Committee of China Regeneration、Deputy General Manager Xu Tiecheng，Vice President of Foton Motor Business、Yang Guotao, Party Secretary and Chairman of Fukuda Leisa, signed the contract on behalf of both sides.，Zhu Feng, Chairman of Supply and Marketing Environment，Deputy General Manager of Fukuda Leisa and Party Secretary of Proco Business Department、President Pan Linbo and others attended the signing ceremony。

Secretary of Futian Automobile Party Committee、Chairman Chang Rui made a speech

Chang Rui expressed his welcome and thanks to Ge Shuyuan and his party.，It also introduces the basic situation of Foton Motor and the development of commercial Vehicle market in recent years.。Point out，China Regeneration is a central enterprise，The business qualification is complete、Wide coverage、Standardized operation，It has perfect management norms in solid and dangerous waste recycling business.，The signing of the contract is also a powerful measure for Fukuda to regulate the recycling of solid and dangerous waste products.。Many business sectors of China Regeneration are in line with the needs of Foton Motor.，Broad space for cooperation between the two sides。At the same time，Medium regeneration has a large demand for special Vehicles such as sanitation Vehicles.，It is an important strategic customer of Fukuda Automobile.。It is hoped that the two sides will build on their previous cooperation.，Take advantage of the resources of both sides，Further expand areas of cooperation，Dig deep into the cooperation opportunities of the whole industry chain。

Secretary of the Party Committee of China Regeneration、Chairman Ge Shuyuan made a speech

Ge Shuyuan said，In the process of national ecological civilization construction，China Regeneration is the largest comprehensive renewable resource recycling enterprise in China.，Deep ploughing industry for more than 30 years，Recycle in secondary metal、Dismantling of scrapped motor vehicles、Integration of urban and rural sanitation、He has rich experience in the recycling of waste electrical and electronic products.。Foton Motor is the leading commercial vehicle enterprise in China.，Have a full range of commercial vehicle product lines，The product is complete，The quality is reliable，It is a strategic partner of China Regeneration.。At present，The automotive aftermarket is becoming larger and larger.，Vehicle scrapping and dismantling、There is a huge space for development in the field of parts remanufacturing.，China Regeneration is willing to work together with Foton Motor，Explore new ideas for deep integration of the whole value chain of the automotive industry，To help the country achieve“Double Carbon”Strategic contribution。

At the symposium，The two sides had in-depth exchanges on the vision of cooperation and the content of the agreement.。According to the agreement，According to“Equality and mutual benefit、Complementary advantages、Win-win cooperation”The principle of，The two sides will purchase and sell vehicles、Solid hazardous waste recycling、New Energy Battery、Remanufacturing of auto parts、In-depth cooperation has been carried out in several aspects, such as fleet management system.。

Before the signing ceremony，Ge Shuyuan and his party visited the Futian automobile series exhibition car.、Digital Exhibition Hall and Fukuda Cummins Heavy Duty Engine Factory。