Zeng Peiyan urges R&D of products with independent IPR

On December 26, organized by the National Development and Reform Commission (NDRC), Shanghai Municipal People's Government and Jiangsu People's Government, the signing ceremony for the comprehensive cooperation agreement between Shanghai Automotive Industry (Group) Corporation and Nanjing Yuejin Motor Group was held in Beijing.

Vice Premier Zeng Peiyan attended the signing ceremony and delivered a speech. Zeng Peiyan pointed out that the implementing scale operation is the promising way for the development of automobile enterprises.

He hoped that the cooperation between the two sides would speed up the pace of innovation, increase investments in research and development and promote the development of branded products with independent intellectual property.

He also hoped the new joint venture could vigorously push forward institutional innovation and play a positive role in promoting the fast and sound development of auto industry in China. [Chinese version is available on SIPO.gov.cn]