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Chinese supplier signs cooperation agreement with Citibank
Shanghai. December 14 (Gasgoo.com) – Chinese auto parts suppliers Wang Xiang Group has signed strategic cooperation agreement with Citibank early this week in Hangzhou, Chinese official media Xinhua News Agency reported today.
Under the agreement, the Citibank will provide financing, settlement, financial consulting and training services to Wang Xiang Group and its membership companies. Meanwhile, Wang Xiang group will cooperate with Citibank in its financial and overseas operations.
The Zhejiang-based Wang Xiang group is a leading supplier of automotive parts products in China. The company is specialized in producing chassis, suspension system, braking system, powertain, hub and bearings. It is one of the largest independent automotive parts producers in Chinese market.
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