Against the backdrop of rapidly growing demand for new energy commercial vehicles worldwide, many countries have regarded the development of new energy vehicles as an important strategic measure to address climate change and optimize energy structure. Governments of various countries have also provided different incentive policies to promote the development of new energy vehicles and their industrial chains.

On February 27th, Jiangsu Fengxin Energy Power Technology Co., Ltd. signed a memorandum of cooperation with Southeast Asian partners.

Both parties will jointly develop a three-year plan for the sales and production of new energy commercial vehicles in the local market, with an expected first phase electric vehicle production capacity of 5000 units per year.

As one of the important battlefields for the global market development of Jiangsu Fengquan, the Southeast Asian market will have frequent good news in the future with the global resource advantages of Jiangsu Fengquan and its shareholders.