VPower Group signs strategic cooperation agreement with MTU Hong Kong and shipbuilding companies

6.11.2020
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A wholly-owned subsidiary of VPower Group International Holdings Limited (“VPower Group”, stock code: 1608.HK) recently entered into a strategic cooperation agreement with Jianglong Shipbuilding Co., Ltd (“Jianglong”, Shanghai Stock Exchange: 300589), its joint venture subsidiary Aulong Shipbuilding Co., Ltd (“Aulong”) and MTU Hong Kong Limited (“MTU Hong Kong”).

According to the agreement, MTU Hong Kong will be prioritised by Jianglong and Aulong for project cooperation when they receive any shipbuilding orders in which high-end high speed engines are required, subject to client approval; MTU Hong Kong and VPower Group will provide Jianglong and Aulong with competitive commercial terms and services, and timely consulting services on the installation, inspection and maintenance of MTU products during vessel construction and operation.

Mr. Jason Lao, Head of Sales of VPower Group said, “Signing this agreement not only strengthens the cooperation between VPower Group, MTU Hong Kong and shipbuilding customers, but also helps to establish a long-term and stable partnership among all. Bringing together Jianglong and Aulong’s strong shipping building capacity, and MTU Hong Kong and VPower Group’s excellent high-speed marine engine products and services, it forms a win-win cooperation. It also represents an important step in materialising the common goal of VPower Group and Rolls-Royce Power Systems AG to explore the enormous Chinese commercial shipping market.”

Marine photo

 


About VPower Group International Holdings Limited

Headquartered in Hong Kong, VPower Group is an integrated expert in distributed power generation (DPG). It principally engages in power system integration (SI) business, covering designing, integrating and sale of gas-fired and diesel-fired engine-based gen-sets and power generation systems, and Investment, Building and Operating (IBO) business, involving investing in, building and operating distributed power stations to supply reliable electricity. It is now a leading distributed power station owner and operator in Asia.

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