On May 22nd, Shenzhen V&T Technology Co., Ltd. (hereinafter referred to as "V&T") and Yuchai Xinlan New Energy Power Technology Co., Ltd. (hereinafter referred to as "Yuchai Xinlan") signed a strategic cooperation agreement in Nanning, Guangxi. The two sides will actively leverage their own advantages to deepen cooperation in the fields of new energy commercial vehicle power motors, electronic control research and development, and promote the achievement of the "dual carbon" goal. Leaders including Zhong Yuwei, Senior Vice President and Chairman of Yuchai Xinlan, Fan Chaoqun, General Manager of Yuchai Xinlan, and Qiu Wenyuan, Chairman of Blue Ocean Huateng, attended the signing ceremony.

Yuchai Xinlan New Energy Power Technology Co., Ltd. is a subsidiary of Guangxi Yuchai Machinery Co., Ltd. It has the capabilities of new energy power system design and development, comprehensive testing, technological innovation, advanced manufacturing, as well as the advantages of covering domestic and international marketing service networks. It is committed to becoming a first-class professional new energy power system supplier in the industry.

V&T has more than ten years of platform technology accumulation and rich application experience in the automotive industry. Its main drive electronic control, auxiliary drive electronic control, and multi in one integrated electronic control products are widely used in new energy commercial vehicles, passenger cars, and special vehicles.

The signing of this strategic cooperation aims to achieve complementary advantages and win-win cooperation. With the common goal of promoting the development of both enterprises and businesses, both parties will engage in in-depth cooperation in technology research and innovation, jointly develop new technologies and products, and expand market influence and market share, providing customers with higher quality and more efficient products and services.