TBK and Nideco sign a strategic cooperation agreement

Recently, the signing ceremony of the long-term strategic cooperation agreement between Tebaijia Power Technology Co., Ltd. and Nideco Electric Group Co., Ltd. was held in Shanghai. Mr. Lin Leyuan, Chairman of TEBA, Mr. Huang Gaocheng, General Manager, and Mr. Feng Guang, General Manager of the Asian Region of the Nideco Sports Control and Drive Business Unit attended the ceremony.

The smooth progress of this signing signifies that both parties have embarked on a new journey of strategic partnership. Both sides actively coordinate and integrate resources, complement each other's strengths, and rely on the benchmark new energy drive system of heavy-duty commercial vehicles and the technical reserves and supply chain capabilities of Nideco Electric in the industry to carry out comprehensive and multi-level cooperation.

At the signing ceremony, both parties reviewed the cooperation process and discussed the development of new products, capacity planning and improvement, and the exploration of Chinese and international markets. They were full of expectations for future cooperation and unanimously agreed that "the essence of strategic cooperation is complementarity and win-win. Both parties will continue to deepen their understanding of products and applications, work together to create more competitive products and a supply chain that fully meets customer needs."

At the signing ceremony, TEBA awarded Nideco the "Best Supplier of the Year" award for 2021.