Zhongtong Bus Signs a Major Deal with Guoxuan Hi-tech Subsidiary
03 March 2017
www.chinabuses.org: On March 2, Guo Xuan Hi-tech Co., Ltd. made an announcement about its wholly owned subsidiary Hefei Guoxuan signing a major deal with Zhongtong Bus for supplying batteries to the bus maker in 2017. According to the deal, Hefei Guoxuan will supply battery units to Zhongtong Bus with a total value of 1,328,537,600 RMB in 2017.
With its increased production capacity, sufficient capitals, a pool of talents, strong technological backups, and a well-staffed after-sales service team, Hefei Guoxuan is now fully prepared to supply power battery units to its customers.
As the earliest bus maker listed on the stock market in China, Zhongtong Bus is now taking the lead in China’s energy-saving and new energy bus manufacturing industry. In cooperating with Hefei Guoxuan, Zhongtong Bus will further consolidate its leading position in lithium battery sector and help the company to further optimize its customer structure and expand its market.
The value of the deal accounts for 48.39% of Hefei Guoxuan’s audited business revenue in 2015. As stipulated in the two parties’ contract, the battery units will be delivered in several batches within this year. It is believed that the deal will generate a positive impact on battery maker’s performance in 2017.
Source : www.chinabuses.org
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