On August 25, Silver Basis and FAW TD, a leading enterprise in China’s automotive manufacturing equipment sector, formally signed a strategic cooperation framework agreement at BASIS’s Smart City in Dongguan, Guangdong. Based on the principles of complementary strengths and mutual benefit, the two parties will engage in strategic collaboration across areas including intelligent manufacturing technology R&D, industrial resource synergy, and global market expansion.
FAW TD, a large state-owned equipment manufacturing enterprise with 70 years of technological expertise, possesses profound R&D capabilities and industrialization experience in automotive stamping dies, intelligent equipment, and other fields. BASIS, serving as the rotating chair of the China Die & Mold Industry Association and a global one-stop equipment manufacturing supplier, holds significant advantages in automotive injection molds, precision manufacturing, and its worldwide service network. This collaboration aims to integrate both parties’ core resources across technology, markets, and industrial chains to jointly explore innovative pathways in cutting-edge smart manufacturing and advance the industry’s high-quality sustainable development.
Under the agreement, both parties will focus on the following strategic synergies:
- Joint Technology Development: Strengthen exchanges and collaborative research on common technologies in high-end manufacturing;
- Product Innovation: Collaboratively develop new manufacturing solutions with market competitiveness;
- Global Markets: Jointly build an international marketing network and service system;
- Frontier Industries: Accelerate the industrialization of key technologies for intelligent equipment.
Ryan Huang, Co-founder and Vice President of BASIS, stated: “We will fully commit to advancing our collaboration and delivering tangible results, leveraging our combined strengths to jointly enter the international market.”
Tomway Tang, President of BASIS, emphasized: “This strategic partnership marks a significant stride in building our equipment ecosystem. By forging a deep cooperation with a leading national manufacturing enterprise, we will further strengthen our core competitiveness in the global equipment manufacturing market.”
Mr. Xin Liu, Executive Deputy General Manager of FWA TD, noted: “Silver Basis’s technological innovation capabilities and international vision will inject new momentum into FAW TD’s intelligent equipment upgrades. This collaboration will set a new benchmark for enhancing the value chain of China’s intelligent equipment manufacturing industry.”
The signing of this strategic framework agreement marks a new phase in the collaborative development of the two equipment manufacturing enterprises. Through resource integration and capability synergy, both parties will contribute innovative models to the transformation and upgrading of China’s equipment manufacturing industry.D
