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Hefei Haiyuan Machinery Co., Ltd. and Germany's KION Group signed an agreement to establish a joint venture, with Hefei Haiyuan as the majority owner, to supply axle assemblies, hydraulic cylinder assemblies and related parts for KION's industrial trucks and warehouse equipment. Phase 1 is under construction and expected to be completed by June 2022.
“通过此次合作,我们将充分利用凯傲集团的强大优势,推动‘海源品牌’加速走向国际市场,助力公司发展成为全国乃至世界的桥箱和油缸基地。”ah.chinanews.com.cn
Summarized from public sources; check the original articles before acting on it.