www.chinabuses.org：On March 16th, 2012, Zonda Group signed equity transfer agreement with China Power Development Company in Beijing, which stood for the start of new-energy bus industrialization of both parties.

Through friendly and deep communications and negotiations, both parties established strategic cooperation relationship, based on equality and mutual benefits and complementary advantages. They planned to produce 20 thousand pure-electric buses per year with annual sales of RMB 50 billion Yuan within five years and went public within three years.

The cooperation would promote the scale of Zonda new-energy bus industry and the upgrade of Zonda Group.

Source : www.chinabuses.org：

Editor : Song

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Tags: Zonda new-energy bus cooperation equity transfer agreement