WISCO, Mar. 3 -- Deng Qilin, General Manager of Wuhan Iron and Steel Group (WISCO), led a geleation to visit BYD Company in Shenzhen and communicated widely with Wang Chuanfu, Chairman of BYD, on further strengthening cooperation, complementing each other and achieving win-win situation of the both sides, and held a signing ceremony for strategic cooperation agreement.
BYD currently has two major IT and automotive industries, and is the world's second largest rechargeable battery manufacturer. WISCO has cooperated with BYD for many years, and the trade cooperation between two sides has been expanding year by year. The product supply from WISCO accounts for above 60% of the company's total purchase only during last year.
WISCO and BYD Co., Ltd. signed a strategic cooperation agreement, and the two sides will further strengthen cooperation and achieve win-win situation in technology, new product research and development, information sharing, steel distribution and processing and other fields.
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(Edited by CBI China)