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Weichai (Yangzhou) Yashang New Energy Company has successfully signed a distribution agreement with South Korea's Shinwon Automotive.

Release time:

2018-05-31

Recently, the management team of South Korea's Xinyuan Automobile Company successfully signed a distribution agency agreement with Weichai (Yangzhou) Yashang New Energy Company after two days of communication and exchange, witnessed by both management teams. This visit marks the third time the Xinyuan Automobile Company team has come to Yangzhou for research and discussions on cooperation with Yashang New Energy Company. The two parties exchanged information and ideas regarding vehicle configuration and agency matters, and through thorough communication, they shared insights on their respective markets and policies. In future cooperation, they will fully share information, jointly improve product configurations and performance, and leverage their respective advantages in the market and product itself for mutual benefit.

Recently, the management team of South Korea's Xinyuan Automobile Company successfully signed a distribution agency agreement for Yashang New Energy Company in South Korea after two days of communication and exchange, witnessed by both management teams.

This visit marks the third time the team from South Korea's Xinyuan Automobile Company has come to Yangzhou for research and discussions on cooperation with Yashang New Energy Company. The two sides exchanged information and ideas regarding vehicle configuration and agency matters during thorough discussions, and they will fully share information in future cooperation, jointly improve product configuration and performance, and leverage their respective advantages in the market and products for mutual enhancement, aiming for the successful sales of Eurise light commercial vehicles in the South Korean market.

It is understood that the South Korea Xinyuan Group was established in 1983 and is a company listed on the KOSDAQ in South Korea, primarily engaged in real estate and basic education, later entering the South Korean imported car market and establishing a complete automobile sales and after-sales system. The successful signing of this distribution agreement marks a new breakthrough for Weichai (Yangzhou) Yashang New Energy Company in expanding overseas markets, which is of great significance for establishing a layout of foreign distribution networks.

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