Take the “One Belt and One Road” Dongfeng Weichai and Kamas cooperation project officially launched

The launching ceremony of the Weichai Kamas cooperation project was held in Beijing

On September 11, 2018, under the joint witness of Chinese President Xi Jinping and Russian President Vladimir Putin, Weichai and Kamaz signed a strategic cooperation agreement in Vladivostok, Russia. The two sides intend to jointly establish a joint venture company to cooperate in production. Industrial engines have injected "China power" to promote local economic development.

Tan Xuguang, Chairman of Weichai Group, and Mr. Sergei Gogojin, General Manager of Kamas Group, discussed the cooperation project

Taking advantage of the “Belt and Road” Dongfeng, Weichai has continuously increased its “going out” efforts in recent years, and has explored international capacity cooperation and local manufacturing new models in India, Myanmar, Ethiopia and Belarus. Russia is an important economic and trade partner of China in Northeast Asia and an important site for the “Belt and Road Initiative” initiative. Northeast Asia is the “home door market” of Weichai. After years of hard work, Weichai brand and products have won the favor of local Russian customers.

The Kamas Group is Russia's largest manufacturer of heavy trucks and buses. It has a 50-year history of heavy-duty vehicle manufacturing with an annual output of more than 40,000 units. After more than 70 years of development, Weichai has heavy trucks, engines, gearboxes and axles. With the resources of the gold industry chain, the cooperation between the two sides is extensive. In the early stage, the two sides signed a strategic cooperation agreement. In addition to planning to form Kamas Weichai Co., Ltd. in the Yaroslavl Free Trade Zone, the company is engaged in the production and sales of industrial diesel and gas engines. The two sides also plan to build gearboxes, axles, etc. The field is further seeking cooperation.

Tan Xuguang, Chairman of Weichai Group, signed an agreement with Mr. Sergei Gogokin, General Manager of Kamas Group

The signing of the cooperation agreement in Beijing marks the official launch of the cooperation project between the two parties. Under the guidance of the “One Belt, One Road” initiative in China, the story of Weichai and Kamaz is about to be staged.

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