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Weichai Power signed a strategic cooperation agreement to acquire 51% equity of Austrian VDS, becoming the controlling shareholder, to enhance key technologies in new energy powertrain motor control systems and agricultural equipment CVT power systems.
Weichai Power signed agreements to acquire an 80% stake in Germany's ARADEX and a planned 51% stake in Austria's VDS, making it the controlling shareholder of both companies to improve new energy powertrain technology.