Chengli Automobile Group and Hangzhou Times Electric Vehicle Technology signed a strategic cooperation agreement

Chengli Automobile Group Co., Ltd. and Hangzhou Times Electric Vehicle Technology Co., Ltd. recently signed a strategic cooperation agreement on the electric drive axle project, which is scheduled to be completed and put into production by the end of this year. The project is expected to achieve an annual production of 50,000 new energy heavy truck chassis and 50,000 distributed electric drive axles.