Mr. Liu Yuqiang, founder of SINGAUTO New Asia Technology, was invited to visit and inspect the South Korean DAEJI P&I factory, an investment enterprise of New Asia Technology

On December 11, 2023, Mr. Liu Yuqiang, founder of SINGAUTO New Asia Technology, was invited by DAEJI P&I Company in South Korea to personally lead a team to South Korea for inspection and exchange. DAEJI P&I President Hang Woo Cho and President Zhao personally received the guests.

DAEJI P&I President Hang Woo Cho (left) and New Asia Technology Mr. Liu Yuqiang (right) take a group photo

DAEJIP&I, a Korean Daej company, has been established for 49 years since 1975. It has a long history in the field of special vehicle industry in South Korea and has been constantly growing. At present, DAEJIP&I is a major manufacturer of special transport vehicles, including chemical tankers, milk tankers, mobile service stations and aircraft tankers, as well as building equipment such as asphalt spray vehicles, and riot vehicles such as armored personnel transport vehicles, water cannon vehicles, automatic barricade trucks, and fire trucks and other municipal service vehicles. It has become a major supplier of smart cities in South Korea.

At the same time, DAEJI signed an OEM contract with Hyundai Motor Corporation for special vehicles in 1992, according to which approximately 600 special vehicles were produced annually. Daji has been manufacturing special vehicles with zero defects according to the quality control system of modern automobiles, exporting over 25 varieties to more than 30 countries worldwide. In the past 10 years, a total of 3137 units have been exported.

During the exchange meeting, Mr. Liu Yuqiang, Chairman and CEO of New Asia Technology, expressed gratitude for the trust and support of DAEJI P&I’s investment in New Asia Technology. SINGAUTO New Asia Technology will deepen cooperation with DAEJI P&I in the future for common development. At the same time, DAEJI P&I President Zhao congratulated New Asia Technology on the success of its global first press conference held in Beijing, China on September 19, and affirmed the disruptive innovative design of New Asia Technology’s S1 series of new energy refrigerated vehicles, which will definitely achieve good sales in the future development of globalization.

During the inspection trip to South Korea, SingAUTO New Asia Technology also visited DPECO, a new electric vehicle manufacturing company in South Korea, and had exchanges.

On the morning of December 13th, the third day of the South Korean inspection, SingAUTO New Asia Technology was invited by the city of Incheon, South Korea, to have a discussion and exchange with the mayor in charge of urban development, Hwang Hyo jin, at the Incheon City Hall.

Mr. Liu Yuqiang introduced the cooperative relationship between New Asia Technology and local enterprise DAEJI P&I, and confirmed the plan to build a new material research and development center and assembly plant for SingAUTO New Asia Technology in Incheon in the future.

After listening to the introduction and global development layout of SINGAUTO New Asia Technology, Mr. Huang Xiaozhen gave high praise and expressed that the Incheon City Government is willing to provide strong support to SINGAUTO New Asia Technology, hoping that the project of SINGAUTO New Asia Technology can be implemented in Incheon as soon as possible.

At the same time, Mr. Huang Xiaozhen arranged for the leaders of the Urban Planning and Development Bureau to have more in-depth discussions and exchanges with the person in charge of New Asia Technology in the afternoon of that day. The leaders of the Planning and Development Bureau welcomed SingAUTO New Asia Technology to come to South Korea for development and introduced the land and other related policies that can be divided in Incheon City based on the development needs of SingAUTO New Asia Technology.

During this visit to South Korea, SINGAUTO New Asia Technology had in-depth exchanges with various Korean enterprises and governments, and consensus was reached. New energy has become the main direction of global development. Its penetration rate and penetration rate are rapidly changing, and the development of new energy for commercial vehicles has gradually begun in both China and the world, and the penetration rate is increasing year by year. Referring to the development of new energy in passenger cars, the new energy transformation of commercial vehicles has more environmental significance, and the usage scenarios of urban distribution logistics also perfectly match the performance characteristics of pure electric commercial vehicles. The tool attributes of commercial vehicles and the development of new energy can directly create more economic value for drivers and society. From the perspective of development prospects, the speed and scale of the development of new energy for urban commercial vehicles will cause significant changes globally.