August 8, 2023，Cummins China and Zhuopin Intelligent Technology Wuxi Co., Ltd.（Short name“Zhuopin Intelligence”）Cooperation agreement signed in Wuxi，Intends to invest and establish a new joint venture company，Give full play to the leading advantages of both sides in their respective fields，Deliver higher performance to customers、More valuable technology and product solutions。Zhao Jianjun, mayor of Wuxi，Chen Shoubin, Secretary-General of Wuxi Municipal Government，Deputy Secretary of the Party Working Committee of Wuxi High-tech Zone、Deputy Secretary of the Management Committee、Deputy Secretary of Xinwu District Party Committee、District Chief Zhang Jinwei，Deputy Director of Management Committee of Wuxi High-tech Zone、Hua Yanhong, deputy governor of Xinwu District，Wuxi Science and Technology Bureau、Bureau of Industry and Information Technology、Bureau of Commerce and relevant leaders，Chairman of Zhuopin Intelligence、General Manager Li Daming，Vice President of Cummins、Global President, Software and ElectronicsMarina Savelli，Chai Yongquan, General Manager of Cummins China Parts Division，Guo Yan, General Manager of Cummins China Software and Electronics Business，Yida Capital、Sany Venture Capital and other guests，The scene witnessed this important moment together.。

Based on win-win cooperation、The spirit of cohesion and development，Cummins and Zhuopin Intelligence Set up Kangzhuo Electronics（ Wuxi ）Limited company（Short name“Kangzhuo Electronics”），Engaged in the development and production of products related to automotive electronic control systems.。Kangzhuo Electronics will give full play to the flexibility of Zhuopin Intelligence as an innovative enterprise、Sensitivity to the market，Its advantages in the development of automotive electronic software and hardware，Leverage Cummins' global market leadership，Give play to its management and operation、Channel collaboration and other advantages，Form scale effect，Continuously improve supply chain security and resilience through upstream and downstream cooperation in the industry，Bring more opportunities for business growth。

Deepen local and deepen cooperation

Zhao JianjunThanks to Cummins for its active support to Wuxi's development over the years.。After briefly introducing the economic and social development of Wuxi,，He said，Cummins is a world-renowned、A respectable enterprise，Close cooperation with Wuxi over the years、Fruitful results。At present，Wuxi is cultivating and growing“465”Modern industrial cluster，It's great to see industry leaders like Cummins sharing new opportunities with high-growth companies.、Win-win new development，It is believed that it will certainly inject new kinetic energy into the strong chain of Wuxi auto parts industry.。

Marina SavelliExpress：“Cummins has a good manufacturing and business foundation in China.，We are very optimistic about the future business development opportunities in China.，It will continue to invest and cooperate with regions and governments including Wuxi.。Cummins has settled in Wuxi since 1996.，We have set up four companies in Wuxi.，Kangzhuo Electronics is our fifth company in Wuxi.。We will also continue to introduce more advanced technologies.、Introducing high-end manufacturing into Wuxi and other related regions，Further deepen regional cooperation，Achieve mutual benefit and win-win。”

Complementary advantages and sharing opportunities

With the diversification of energy sources、Interconnection、Innovations such as automation，Cummins face“A zero-carbon future”Gradual transformation，Software and electronics will play an increasingly important role.。

Guo YanExpress：“The founding of Cummins Software and Electronics，It aims to strengthen our initiative to seek market opportunities in this field、Ability to quickly develop and implement product strategies。I believe that with the landing and promotion of the joint venture project,，Our business will have more solid product technology、Manufacturing base and supply chain flexibility，Take root in China and serve China，And then provide customers with flexibility and efficiency.、Products and services with excellent performance。”

In the automotive industry，Increasing market demand for software and electronics、Supply Chain Fluctuation and Diversified Power Demand Escalate，Industry cooperation will be conducive to building synergistic advantages.，Share industry opportunities。

Li DamingExpress，It is precisely to see the vigorous market demand and opportunities.，Zhuopin Intelligence and Cummins start from strategic development planning and business development needs.，Jointly negotiate and invest to establish Kangzhuo Electronic Joint Venture Company。We will work together，Jointly write a new chapter in various undertakings of the joint venture company。

According to Chai Yongquan，Software and electronics are new opportunities for Cummins to seize、A new business unit specially set up to explore new markets。The components business will continue to focus on the development of electronic software,、Innovative technologies and products including core components，On the road of zero emission, related fields are constantly expanding.，Provide users with multiple intelligent power solutions。