Recently, Shaanxi Automobile Group Co., Ltd. (hereinafter referred to as "Shaanxi") and Zhejiang Wanan Technology Co., Ltd. (hereinafter referred to as "Wanan Technology") have reached a cooperation framework agreement. The two parties initially decided to carry out project cooperation in the automobile brake system. It is planned to establish a joint venture company in Xi'an.
It is understood that the Shaanxi Auto Gas Association and Wanan Technology have conducted preliminary investigations and mutual understanding and discussed the “automobile braking system projectâ€. The two parties intend to establish a joint venture company in Xi’an. The joint venture company will mainly operate the automobile brake system. And related parts and components development, production and sales.
According to the agreement, Shaanxi Automotive Group will provide support for the preliminary approval of the joint venture company and obtain various preferential policies for the project. Shaanxi Automobile Group and its subsidiaries should use the joint venture company's products under the same conditions. Wanan Technology is mainly responsible for formulating project plans, representing all parties to exercise the company's production, operation and management rights, and providing technical support and management resources for the project.
Zhejiang Wanan Technology Co., Ltd. main products: automotive electronic control systems, automotive brake systems, clutch control systems, automotive engineering plastics. Mainly for the domestic FAW Jiefang, Dongfeng commercial vehicles, Beiqi Futian, Jianghuai and other major domestic commercial vehicle manufacturers and BYD, Chery, Geely and other major domestic passenger car manufacturers to provide support, build a comprehensive procurement and supporting network, and strive to build auto parts World Brand.
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