On January 19, 2025, Chongqing Qingling Axle Co., Ltd. ("Qingling Axle") and Jingjin Electric Technology Co., Ltd. ("Jingjin Electric") signed a strategic cooperation agreement at the headquarters of Qingling Group. Xu Song, deputy secretary of the Party Committee and general manager of Qingling Group, Yu Ping, chairman of Jingjin Electric Co., Ltd., as well as leaders of relevant departments of Chongqing State-owned Assets Supervision and Administration Commission and leaders of Jiulongpo District Economic and Information Commission attended the scene and witnessed the signing ceremony.
In accordance with the principles of "mutual benefit, voluntary equality, openness and fairness, and complementary advantages", Qingling Axle and Jingjin Electric aim at the "new four modernizations" transformation of the automobile industry, work closely together, and empower each other. The two parties will give full play to the resource advantages and competitive advantages in their respective fields and carry out strategic cooperation in many aspects such as commercial vehicle electric drive systems.
At present, the two parties are cooperating to develop industry-leading electric drive systems around market demand and industry trends, and carry out strategic cooperation in many fields such as products and solutions for the entire industrial chain of commercial vehicle electric drive systems. At the same time, the two parties focus on their respective market resources, strengthen resource integration and brand linkage, enhance market competitiveness, accelerate the development of domestic and foreign markets, and achieve mutual benefit and win-win results.
The successful signing of this strategic cooperation agreement is based on the good trust relationship between the two parties and the mutual integration and complementarity of the advantages of the two parties in their respective fields. At present, the teams of both parties are pushing forward the project work as planned, accelerating the creation of collaborative competitive advantages, and jointly promoting the implementation of the agreement projects.