Gasgoo Munich-BAIC Group and the Lianyungang Municipal People's Government in Jiangsu Province signed a strategic cooperation agreement on October 26 to strengthen industrial collaboration and expand cooperation across multiple sectors, according to a post on BAIC Group's WeChat account.
Image source: BAIC Group
Cooperation in Automotive Industry and Global Markets
Under the agreement, BAIC Group will contribute its strengths in automotive R&D, manufacturing, product development and market channels, while Lianyungang will leverage its capabilities in port logistics, international trade platforms and industrial support. The two parties will focus on automotive industry cooperation, international market expansion, and green, low-carbon development.
Expanding Cooperation into New Areas
The two parties will also explore cooperation in off-road vehicle ecosystems and cultural tourism, technological innovation, and talent development, seeking to connect the automotive industry with Lianyungang's distinctive local resources.
Building on Existing Business Ties
BAIC Group subsidiaries and Lianyungang-based companies have already worked together in areas such as vehicle exports and explored further opportunities in automotive applications and industrial support.
Government Guidance and Market-Led Implementation
The cooperation will follow a government-guided, market-driven approach. Both parties will maintain communication, coordinate efforts based on practical development needs, and advance the agreed initiatives in stages.
