On May 7, the general manager of Iran's HEPCO and his delegation visited Yutong Heavy Industries. The two sides reached broad consensus on cooperation in products and projects including loaders, mining vehicles, and graders, and signed a strategic cooperation agreement.

　　HEPCO is an equipment manufacturing enterprise enjoying key national support in Iran, and a specialized manufacturer of civil engineering machinery, agricultural machinery, and other products integrating scientific research and development, production and manufacturing, sales, and after-sales service. Through 40 years of continuous refinement in manufacturing and constant improvement, HEPCO loaders hold a market share of over 80% in Iran, and its market share for mining vehicles, graders, road rollers, bulldozers, and agricultural machinery also reaches over 60%. It has also established strategic partnerships with internationally renowned brands such as VOLVO and Komatsu.

　　Since Yutong Heavy Industries and HEPCO established cooperation in 2012, the two sides have complemented each other's strengths and begun joint R&D cooperation on loader products. Both sides agree that through their joint efforts, the cooperation will surely yield fruitful results. Wang Xiang, general manager of the International Business Division, quoted the Chinese proverb "A long road tests a horse's strength" to describe the friendship between the two sides and to ensure the smooth progress of the project and achieve win-win results.