It is understood that Weichai Holding Group Co., Ltd. is currently one of the most powerful automobile and equipment manufacturing groups in China. The letter of intent signed by Weichai Holdings in IAA and Kagel Trailer Co., Ltd. is intended to cooperate in the production of trailers. The two parties reached an agreement and agreed to cooperate long-term in China and contribute their respective advantages.

The ceremony took place in front of the Cogall booth at the IAA Commercial Vehicles Fair. Mr. Tan Xuguang, Chairman of Weichai Holding Group, and Mr. Ulrich Hu Bawul, the holder of Kagel, attended the ceremony and signed a letter of intent.

Mr. Ulrich Hu Bawur said: “Today is also an important milestone for traditional brand Kogel. For decades, Cogell has formed a good reputation in China with high-quality trailers. In the future, We will continue to work hard. Weichai is our right partner.”

Mr. Tan Xuguang said here: Weichai has abundant resources and has three gold industrial chains, heavy trucks, passenger cars and yachts, with the power system as the core. Through cooperation with Kagel, Weichai's product line will be further expanded, which will help form a more reasonable product layout. With the help of China's vast market space and cost advantages, cooperating with Kaugel will quickly develop a new profit growth point for the Group and further enhance the Weichai brand's international influence.