On the morning of April 26, CDTL(Hangzhou Contemporary Drive Technology Co.,LTD.)'s Chairman of the board Luo Xunqiang and his delegation attended the strategic cooperation signing ceremony with CLW Group(Chengli Automobile Group Co.,LTD.),and both parties jointly signed a strategic cooperation agreement.

CLW Group is one of the top 500 private enterprises in China and the top 100 private enterprises in Hubei Province, with an annual production and sales volume of more than 80,000 special-purpose vehicles. CDTL is deeply involved in the core components of new energy wire-controlled chassis, especially the superior cost-effectiveness of distributed drive + EMB products in the field of environmental sanitation vehicles , which will definitely help partners’products to be quickly electrified and intelligent.

This signing is another major strategic cooperation between CDTL in Suizhou's new energy vehicle industry chain, following its cooperation with companies such as "Made in Suizhou" Hybot New Energy, Yiwei Automobile, and Qixing Automobile.

On the afternoon of the signing day, the Suizhou Municipal Party Committee organized a special meeting on the transformation and upgrading of special vehicles. Secretary Qian Yuankun of the Suizhou Municipal Party Committee, on behalf of the city leaders, congratulated the cooperation signing between CLW Group and CDTL first , and then gave specific guidance on the transformation and upgrading of special vehicles plan.

Participating companies and other city leaders spoke separately. Everyone unanimously stated that the rise of the new energy vehicle market has become an irreversible trend. With the rapid increase in penetration rate, now is the best time to promote the electrification of new energy commercial vehicles.We should seize the opportunity to accelerate the layout and use new energy to leverage the comprehensive upgrade of Suizhou's special vehicle industry.

The meeting emphasized that taking the 200,000 traditional commercial vehicles with traffic volume in Suizhou City as the base, breaking through the market segments, accelerating the transformation of enterprises in the region from a single product to an overall solution provider. Driving the industry to mid- and high-end investors in the value chain, accelerating create a "chain master" enterprise, lead the development of industrial chain clusters, continuously improve the local supporting rate of leading products, and thus continue to expand supporting areas outside the city.

As a supplier of core components for new energy wire-controlled chassis, CDTL will take innovation as the driving force, demand as the guide and quality as the foundation in its cooperation with major "Made in Suizhou" car companies, to help local vehicle companies accelerate research on key core technologies and industry chain collaboration.