Recently, Narada Power and Dongfeng Shenyu have signed an agreement about strategic cooperation in electric vehicle industry, especially in powertrain system (battery, electric motor, electronic controlling). Both parties will build up a R&D platform together for powertrain system by means of the advantages in research and production from each party, in order to realize technical progress and industrial upgrading for both of them.
▲Signature ceremony for cooperation agreement
Dongfeng huayu is the filial company of Dongfeng group, who is one of the largest vehicle groups in China, who has involved itself in R&D and production of EV at very early stage, and equipped with a complete production line and inspection line, which is a big advantage in EV competition.
On 1st March 2016, The National Development and Reform Commission (NDRC) has brought forward the policy about popularization and utilization of electric car and on 24th Feb. the premier Mr. Li Keqiang announced a strategy with five steps to further support EV industry.
According to statistics of China Association of Automobile Manufacturers (CAAM), in Feb. 2016, the production yield of China EV industry is 377937 pcs and sales volume is 35726 pcs, which is 1.7times of a corresponding period of last year. That means: the golden era for EV has arrived in China.
▲The production basement of Dongfeng Shenyu
After signature of the agreement, Narada and Dongfeng huayu shall reinforce the strategic cooperation in EV industry, share resources and advantages mutually, which helps a lot to enhance enterprise influence, to speed up large-scale development in EV business for both parties.