On July 16, China Post Group Corporation Limited (hereinafter referred to as China Post) signed a strategic cooperation agreement with XCMG Construction Machinery Co Ltd (hereinafter referred to as XCMG). Chairman Liu Aili of China Post and Chairman Yang Dongsheng of XCMG held a working talk and jointly witnessed the signing of the agreement.

China Post and XCMG have maintained sound cooperation foundations across finance, express delivery and logistics. Against the backdrop of national efforts to advance high-quality development of the new energy vehicle industry and promote integrated development of the express delivery and manufacturing industries, the two parties see broad prospects for further cooperation. Focusing on electrification as its core development strategy in recent years, XCMG has rolled out comprehensive layout in construction machinery and commercial vehicles, driving the restructuring and upgrading of the entire industrial chain.

Under the agreement, both parties will fully deepen cooperation by leveraging their own distinctive resources, business and service advantages.