SINOPEC Motor Co., Ltd. announced on June 25, 2012 that it had signed a letter of intent with Bosch (China) Investment Co., Ltd. The two parties established a strategic cooperation relationship and plans to build a new production base at the Changsha Liuyang Industrial Base.
According to the cooperation agreement between both parties, under the same conditions, SQM will give priority to providing products to Bosch, and is willing to cooperate with Bosch in the development of new products and new projects. The two parties will also sign cooperation framework agreements and related prices after establishing formal cooperation relationship. purchase order.
This cooperation will help to strengthen the long-term cooperation between Senichi Motor and Bosch and further expand its market share at Bosch.
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