On 12 January, TB Business Group of CIMC Vehicles and Yutong Light Truck formally entered into a strategic cooperation agreement. 

With professional guidance and strong alliance, TB Business Group of CIMC Vehicles and Yutong Light Truck have in-depth cooperation for better development of the industry .

With the continuous upgrading of public consumption structure, the emerging demand for fresh food, e-commerce, and express transportation, coupled with the growing scale of road transport, there is an increasing need for faster transportation and higher quality of transportation. Moreover, with the implementation of a series of new policies, logistics practitioners’ demand for vehicles has also been constantly upgrading. The fields of urban logistics distribution and cold chain transportation have therefore reached a new critical stage of development. From the perspective of industry trends, technology-based new energy products are gradually becoming the mainstream of urban distribution. As a leading enterprise in the industry, TB Business Group of CIMC Vehicles has always adhered to "technical development" for the long term. This has formed a development driver with Yutong Light Truck, which is also engaged in professional technology, and has laid the foundation for in-depth cooperation between the two parties. 

On the basis of performance, CIMC Vehicles provides better solutions for new energy cold chain for urban distribution and the urban distribution industry.

The strategic cooperation between TB Business Group of CIMC Vehicles and Yutong Light Truck is not only in line with the development concept of both parties - adhering to science and technology as the core, but is also closely related to a number of exclusive technologies held by them. Compared with other segments, the development of refrigerated trucks requires not only chassis with richer expansibility, but also insulation performance, endurance, safety, control logic and others of fullyassembled vehicles. These are exactly the advantages of TB Business Group of CIMC Vehicles and Yutong Light Truck.

China's economic development will enter a new stage of high-quality development in 2023. As a potent pillar of economic development, logistics will be bound to ride on the momentum. The strong alliance between TB Business Group of CIMC Vehicles and Yutong Light Truck has demonstrated the development direction of the commercial vehicle industry with greenness, efficiency and intelligence as the core. It is believed that TB Business Group of CIMC Vehicles and Yutong Light Truck will continue to launch high-quality products and contribute to the development of the industry on the basis of the indepth cooperation.