Beiben Truck Group and China Henan International Cooperation Group Signed a Strategic Cooperation Framework Agreement

On September 18, Beiben Trucks Group Co., Ltd. and China Henan International Cooperation Group Co., Ltd. signed a strategic cooperation framework agreement in Zhengzhou. This collaboration is not merely a product procurement but a deep strategic upgrade based on their 23-year cooperation history. It aims to leverage Henan International's extensive engineering and market resources along the Belt and Road to jointly promote the global expansion of China's high-end new energy commercial vehicles, represented by Beiben hydrogen fuel cell heavy trucks, and seize the first-mover advantage in the global green logistics market.

I. Cooperation Background and Strategic Intent: A Powerful Alliance Targeting Overseas Growth Markets

Beiben Trucks' Objectives: As a key commercial vehicle enterprise under China North Industries Group Corporation, Beiben Trucks is accelerating its transition towards new energy and internationalization. Its core goal isto find large-scale, sustainable application scenarios for its advanced hydrogen fuel cell heavy truck products. Partnering with Henan International, which has decades of experience in overseas markets, is undoubtedly the most effective path to open up global channels and achieve "product localization."

Henan International's Objectives: After completing its restructuring, Henan International has been assigned new strategic functions and urgently needs to demonstrate new achievements in the Belt and Road Initiative. Deep collaboration with high-end equipment manufacturers like Beiben enables it to obtaincustomized and reliable new energy vehicle support, enhancing the green image and operational efficiency of its overseas engineering projects and forming a differentiated competitive edge.

II. Cooperation Overview

Participants:

Beiben Trucks Side: Party Committee Secretary and Chairman Mu Yuehui, Chief Accountant Hong Gang, and responsible comrades from relevant business departments.

China Henan International Group Side: Party Committee Secretary and Chairman Qin Ling, Leader Zhang Wei, Party Committee Member and Deputy General Manager Xie Hui, and responsible comrades from relevant business departments.

Event Process:

Before the signing ceremony, the two sides held a symposium to exchange views on strengthening strategic cooperation and deepening business synergy.

During the symposium, the principal leaders of both sides delivered speeches.

Beiben Trucks Chief Accountant Hong Gang and China Henan International Group Leader Zhang Wei signed the agreement on behalf of their respective organizations.

Key Statements and Content Highlights:

Remarks by Beiben Trucks Chairman Mu Yuehui:

Congratulated China Henan International Group on its successful restructuring.

Expressed gratitude for the long-term trust and support from China Henan International Group.

Reviewed the 23-year cooperation history between the two parties, noting that Beiben's product expansion in overseas engineering markets has received strong support from the other side.

It committed that Beiben Trucks would gradually establish a service and spare parts support system for China Henan International Cooperation Group's (CHICO) key overseas markets to enhance project support capabilities.

The goal is to assist CHICO in achieving higher-quality development and jointly building a new milestone of win-win cooperation in the Belt and Road Initiative.

Remarks by Qin Ling, Chairman of China Henan International Cooperation Group:

He welcomed the visit of Mou Yuehui and his delegation.

He introduced the background of CHICO's restructuring, its new functional positioning, and key business layout.

He stated that CHICO would embark on a new development phase in accordance with the strategic functional positioning assigned by the Henan Provincial Committee and Provincial Government.

He expressed hope that Beiben Trucks would understand its new development model post-restructuring and provide greater resource support in the cooperation, ultimately achieving strategic synergy between the two parties.

Basis of the Agreement:
This strategic cooperation is built on a 23-year history of collaboration between the two parties, aiming to address the new situation following CHICO's restructuring and further deepen the cooperative relationship.

III. Key Cooperation Content and Far-Reaching Significance

Although specific terms of the agreement were not disclosed, the following key points can be interpreted from the statements of both parties:

Transition from "Equipment Supplier" to "Strategic Synergy Partner": Mou Yuehui, Chairman of Beiben Trucks, committed to "gradually establishing a service and spare parts support system for key overseas markets," indicating that the cooperation has transcended mere vehicle sales and extended to after-sales service, localized support, and other long-term capacity building, aimed at constructing a sustainable overseas business ecosystem.

Perfect Alignment with Green Infrastructure Under the Belt and Road Initiative: The numerous infrastructure projects undertaken by CHICO overseas, such as ports, mines, and highways, represent ideal operational scenarios for hydrogen-powered heavy-duty trucks. Beiben's hydrogen-powered heavy-duty trucks can provide zero-carbon emission heavy-duty transportation solutions, enabling the simultaneous export of "Chinese construction" and "Chinese green technology," and creating a benchmark case for a "Green Belt and Road."

Providing Large-Scale Application Scenarios for the Commercialization of Hydrogen-Powered Heavy-Duty Trucks: Small-scale purchases by individual users are insufficient to drive down costs across the hydrogen industry chain. Through cooperation with a "major client" like CHICO, Beiben's hydrogen-powered heavy-duty trucks are expected to achieve batch deployment in specific overseas regions, laying a solid foundation for verifying technological reliability, accumulating operational data, and reducing full life cycle costs.

IV. Industry Insights and Future Outlook

This collaboration sends two clear signals to the market:

Hydrogen commercial vehicles going global embrace a "national team" synergy model: It demonstrates a new model of "going global together" through the alliance of high-end equipment manufacturing enterprises and international engineering contracting giants. This model integrates technology products with market channels, effectively reducing the risks and costs for individual enterprises exploring international markets, and is expected to become an important paradigm for China's hydrogen equipment going global in the future.

Application scenarios become key to hydrogen energy implementation: The advancement of technology ultimately needs to be proven through application. This collaboration highlights an industry consensus: identifying and securing stable, large-scale application scenarios is more urgent than the technology itself. Partnering with large engineering groups is a strategic choice to quickly access high-quality scenarios.

V. Conclusion

The strategic partnership between Beiben Trucks and Henan International represents a deep integration beyond traditional buyer-seller relationships. It is not only a business upgrade based on long-term mutual trust between the two enterprises but also a critical step for China's hydrogen energy industry, particularly in the commercial vehicle sector, transitioning from "domestic demonstration" to "international marketization." By leveraging Henan International's strong foundation in the Belt and Road Initiative, the overseas commercialization process of Beiben hydrogen-powered heavy trucks is expected to accelerate significantly, securing a valuable position for China in the global green transportation race. The success of this collaboration will serve as an important barometer for observing the international competitiveness of China's hydrogen energy industry chain.