BEIJING: COSCO SHIPPING and Dongfeng Motor Corporation (Dongfeng Motor) signed an agreement in Shanghai on April 18, to establish a comprehensive strategic partnership. Capt. Xu Lirong, Chairman of the Board and Party Secretary of COSCO SHIPPING, Mr. Wan Min, Director of the Board, President and Deputy Party Secretary of COSCO SHIPPING, Mr. Liu Zhangmin, External Director of COSCO SHIPPNG, and Mr. Zhu Yanfeng, Board Chair and Party Secretary of Dongfeng Motor attended the signing ceremony.
Mr. Huang Xiaowen, Executive Vice President and Party Committee Member of COSCO SHIPPING and Mr. Yang Qing, Executive Vice President of Dongfeng Motor signed the agreement on behalf of each side.
As one of the backbone enterprises of China’s automobile industry, Dongfeng Motor has an extensive product portfolio that covers a full range of commercial vehicles, passenger vehicles, engines, auto parts and horizontal business operations. With more than 40 years’ development, the company has built an industry-leading product R&D, manufacturing and marketing capability. A household name itself, Dongfeng sold over 4.2 million vehicles in 2016, ranking second in the Chinese automotive industry.
According to the agreement, the two sides will increase their cooperation in shipping, logistics, ports and overseas development, and provide quality and highly effective products and services to each other so as to promote the achievement of their respective strategic goals.
Mr. Han Jun, President of COSCO SHIPPING Logistics and Assistant to the President of COSCO SHIPPING, as well as heads of the relevant divisions of COSCO SHIPPING, COSCO SHIPPING Lines and COSCO SHIPPING Specialized Carriers were also present at the ceremony.