On the afternoon of February 12, Foton Motor signed a strategic cooperation framework agreement with Sinopec and China Railway Construction in Beijing. According to the agreement, Foton Motor will establish a long-term and stable strategic partnership with the other two parties to achieve extensive cooperation in the value chain such as R&D, manufacturing, procurement, market development, and brand communications. The deputy mayor of Beijing, Lou Zhongwen and other leaders attended and witnessed the signing ceremony.
It is understood that the cooperation between Foton Motor, Sinopec and China Railway Construction will mainly focus on information sharing and market interoperability. Foton Motor will establish information communication and liaison systems with two central enterprises to exchange product information. Not only that, Sinopec Corp. and China Railway Construction Co., Ltd. have promised to give priority to the opening of the market to Foton Motor and will use Foton Motor as the preferred supplier of logistics equipment, engineering construction, and public and commercial vehicles.
At present, the world economy has undergone profound changes under the influence of the global financial crisis. Strategic cooperation and alliances among enterprises have become a brand-new strategic thinking and business philosophy for responding to financial crisis and enhancing the international competitiveness of enterprises. Under such circumstances, Foton Motor can achieve knowledge integration and resource sharing through strategic cooperation with such large companies as Sinopec and China Railway Construction, which can not only cope with the crisis, but also comprehensively enhance the global core competition of all parties involved in the cooperation. force.
According to Zhao Jingguang, a spokesperson for Foton Motors, the cooperation with the two central SOEs will provide more opportunities for the development of Foton Auto's products, thereby increasing the sales of Foton Motor, further promoting the development of Foton Motor, and effectively improving Beijing. The core competitiveness of the automotive industry.
For Sinopec and China Railway Construction, the two major “car ownersâ€, the strategic cooperation with Foton Motor will not only reduce the cost of its vehicles, but also enable it to have a more reliable product for its logistics transportation and engineering construction. And service guarantee.
In his speech, Vice Mayor of Chongqing Kuang Zhongwen pointed out: “This time, Beijing enterprises represented by Foton Motor have established cooperative relationships with central government enterprises in a very good form. Cooperation with central enterprises can achieve complementary advantages, mutual benefit and win-win results, and effectively promote local governments. The industrial optimization and upgrading of enterprises and the reform of institutional mechanisms.This cooperation model between Futian and the two central SOEs has broadened our thinking on expanding cooperation between Beijing-based companies and central SOEs, and is of great significance for reference.We hope that all parties in the future can further broaden the cooperation and cooperation areas, and improve the cooperation. The level of cooperation will accelerate the upgrading of the cooperation between the Beijing-based enterprises and the central enterprises, promote the expansion and enhancement of key enterprises, and promote the optimization and upgrading of leading industries."
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