Company News | Changjiu Logistics and Fusheng Auto Ecology Signed a Strategic Cooperation Agreement

Dec 27, 2023, 13:50 p.m. EDT

On 14 December 2023, Beijing Changjiu Logistics Co., Ltd (hereinafter referred to as “Changjiu Logistics” and “the Company”) and Changchun Fusheng Auto Eco Technology Group Co.

Bo Shijiu, Chairman of Changjiu Logistics, and Yan Chao, Rotating President of Changjiu Logistics, Jing Youth, President of Fusheng Auto Ecology, and Cao Weihua, Executive Vice President of Changjiu Logistics, and their teams attended the signing ceremony together. Under the witness of Mr Bo and Mr Jing, Mr Yan and Mr Cao completed the signing of this strategic cooperation agreement as the signing representatives. Both parties will give full play to their professionalism and advantageous resources in their respective fields, and carry out co-operation in multiple fields such as new energy automobile field, automobile logistics field, and automobile after-market. Fusheng Auto Eco is a subsidiary company of FAW Fusheng Group, focusing on auto spare parts logistics and automotive aftermarket. It has a diversified business structure of warehousing, transport, packaging, logistics equipment, automobile modification, auto parts trade, automobile cultural creativity, etc. It is committed to becoming an expert enterprise in automobile spare parts logistics and a famous brand in after-market segments. The conclusion of this strategic cooperation will help the company to further expand its services in the automotive industry chain. At present, Changjiu Logistics has initially constructed the power battery secondary utilisation business, and Fusheng Logistics and Changjiu Logistics will jointly develop value-added business and boost development in the field of power battery secondary utilisation; around the field of automotive logistics, the two sides will jointly carry out the following business in the areas of warehousing, transportation, packaging, forklift leasing and digital intelligence. “In the field of automotive logistics, the two sides will jointly carry out business cooperation in the areas of warehousing, transportation, packaging, forklift leasing and digital intelligence; in the automotive aftermarket, the two sides will jointly develop business in the areas of parts and components trade, automobile modification, cultural creativity, etc., and explore the development opportunities in the field of the automotive aftermarket; and with the deepening of the two sides’ co-operation, the two sides will subsequently explore the possibility of co-operation in more areas.

With the rapid development of the new energy vehicle industry, the automotive industry chain is also undergoing drastic changes, and the resulting demand also puts forward new requirements for the service capacity of enterprises. The strong alliance with Fusheng Auto Ecology will further strengthen the capacity building of Changjiu Logistics in the markets of new energy vehicles and parts, ladder utilisation, logistics and aftermarket, etc. The two parties will form a complementary partnership to help China’s automotive industry flourish and achieve the goal of “double carbon” at an early date. We will discuss the possibility of cooperation in more areas. (“Double Carbon”: China plans to reach peak carbon use by 2030 and become carbon neutral by 2060. )