July 11 became the largest shareholder of Guangchai

[China Shipbuilding Network ( CnshipNet China)] Recently, 711 and Guangzhou Electric Equipment Group Co., Ltd. and Guangzhou Shengbang Investment Co., Ltd. jointly signed the "Joint Venture Cooperation Framework Agreement", which indicates that the company has limited shares in the Guangzhou Diesel Engine Factory. The company's work officially entered a substantive phase.

After participating in Guangchai, 711 became the largest shareholder of Guangchai. The company will use this opportunity to give full play to the advantages of technology, management and group development to promote the greater development of Guangchai. At the same time, through the all-round cooperation between the two parties in product development and market development, the industrial layout of the 71st is further optimized, and the development of China's independent intellectual property diesel engine industry is actively promoted.

As the only research and development institution for ship diesel engines in China, 711 is shouldering the historical mission of revitalizing China's marine diesel engine industry. For a long time, it has been seeking partners with common values ​​to jointly promote the development of the independent intellectual property diesel engine industry. Founded in 1911, Guangzhou Diesel Engine Co., Ltd. is one of the oldest diesel engine manufacturers in China. It was the first diesel engine in China. For a long time, Guangchai has been adhering to the independent and independent business philosophy, and has always insisted on producing diesel engine products with independent intellectual property rights in China, and has created a profit for 20 consecutive years.

The cooperation between 711 and Guangchai has been continued for 16 years. Two of the company's current three product lines are designed by 7.1. Among them, G32 series diesel engine is China's own brand of the largest power medium speed diesel engine, and is the most important source of profit for Guangchai. The long-term cooperation has enabled the research and development capabilities of the diesel engine of the 711 to be highly recognized by Guangchai. The two parties spontaneously integrate on the basis of mutual understanding and communication, and have established a mutually trusting partnership in the process of cooperation and communication.

At present, due to the urban planning and construction needs of Guangzhou, this cooperation coincides with the plan for the relocation and expansion of Guangchai. After participating in the share of Guangchai, the company will first assist in the planning and construction of the new park, further clarify the development goals and plans of Xinguangchai, and on this basis, assist Guangchai to build a brand-new modern factory and further Enhance its development potential.