Van Universal Motors and FAW Jiefang Group Co., Ltd. signed a memorandum on the implementation of a joint project within the framework of the SCO Industrial Cooperation Conference.

On April 10, the China–Shanghai Cooperation Organization (SCO) Industrial Cooperation Conference for Sustainable Development was held in the Tianjin Binhai New Area. The key event of the conference was the signing of a memorandum between Van Universal Motors and FAW Jiefang Group Co., Ltd. aimed at production localization and the development of industrial partnership.

 

The document confirms the parties’ intentions to cooperate in sustainable industrial development, focusing on technology transfer and the creation of joint production facilities. The signing became an important step toward strengthening bilateral economic ties and boosting investment in the real sector.

The conference gathered about 400 participants, including representatives from 18 SCO member countries, major corporations, government bodies, and industrial associations. The event was organized by the Ministry of Commerce of China, the China Chamber of Commerce for Machinery and Electronics, the Tianjin Municipal Commerce Bureau, and the Binhai New Area Administration.

Discussions covered topics such as openness to international cooperation, industrial modernization, investment stimulation, and the development of sustainable and mutually beneficial partnerships. Special attention was given to port infrastructure, new energy sources, smart technologies, and sustainable economic growth.

The memorandum signed between Van Universal Motors and FAW Jiefang Group Co., Ltd. reaffirms the SCO countries’ commitment to industrial integration, production localization, and innovative development. This event marks a new stage of practical cooperation that will contribute to job creation, the introduction of advanced technologies, and the strengthening of economic ties in the region.