Zhongtong Bus Signed a Strategic Agreement with ZO Motors
26 August 2024
Recently, ZO Motors Holdings Limited ("ZO Motors"), an innovative new energy commercial vehicle company, with its North American subsidiary ("ZO Motors North America"), formally signed a memorandum of strategic cooperation with Zhongtong Bus Holding Co., Ltd. ("Zhongtong Bus") in Mexico City, the capital of Mexico. Based on their respective strengths, both parties will engage in comprehensive strategic cooperation in the areas of new energy bus product research and development, manufacturing, North American market operations, sales, and more.
Both parties announced that this strategic cooperation, focusing on hydrogen fuel cell buses and electric buses, will initially target the U.S. and Canadian markets.
"Collaborating with a world-class leader in new energy commercial vehicles to continuously expand our product line and enhance the competitiveness of our new energy commercial vehicle business segment has been an important strategic goal since ZO Motors's establishment. Zhongtong Bus's products and technologies in the new energy bus sector will effectively complement ZO Motors's needs in this business segment, forming a complete new energy commercial vehicle product portfolio spanning from light and medium/heavy trucks to buses. This cooperation marks a significant milestone in ZO Motors's history," said Joost, CEO of ZO Motors. "ZO Motors will leverage its advantages in global layout, brand operation, sales, and service to fully implement its global strategic market presence, accelerating the globalization of ZO Motors's products, sales, and operations."
The signing of this memorandum of strategic cooperation signifies ZO Motors's official entry into the new energy bus business segment. Combined with its previous pure electric and hydrogen fuel cell light, medium, and heavy truck segments, ZO Motors has further consolidated its foundation for global competition in the new energy commercial vehicle sector, becoming an innovative and promising leader in this field.
Source : www.chinabuses.org
Editor : Isabella
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