Weichai Power completed an investment in Aradex.

Weichai Power, one of the largest car parts and power system conglomerates in China, completed an investment in Aradex, which focuses on mobile drive technology. Financial terms were not disclosed. Both parties will strive collaboratively and synergize fully to develop new energy commercial vehicle power system. Aradex will expand and grow on the synergies of Weichai Power's global complete vehicle and machinery, core components of power system and global R&D innovation center and other resources, and Weichai Power is expected to facilitate industrial upgrading and restructuring with the contribution from Aradex.