On the afternoon of August 31, 2020, Weichai Power and Shengrui Transmission signed a strategic cooperation agreement to take over Shengrui 8AT automatic transmission to jointly promote the acceleration of the industrialization of high-end transmission technology for light commercial vehicles and passenger vehicles in China. The world's first front-drive 8-speed automatic transmission independently developed by Shengrui Transmission won the first prize of National Science and Technology Progress Award, becoming an outstanding representative of China's equipment manufacturing industry and the pride of a national brand.

Liu Xiangwu, chairman of Shengrui Transmission, said at the signing ceremony: "This strategic cooperation gives me the feeling of returning to my family. Through cooperation with Weichai, our first goal is to achieve production capacity of one million units. Currently Shengrui The development of 8AT from horizontal to vertical, from fuel vehicle transmissions to new energy vehicle transmissions has been completed. Through deepening technical cooperation, we will build the most cutting-edge powertrain with Weichai 2L diesel engine, a new generation of 8AT diesel power The assembly is about to be born. We look forward to the future listing of Xinshengrui Transmission on the Science and Technology Innovation Board." Editor/He Yuting