Memorandum of Understanding: Agreement of common goals between two or more parties.Memorandum of Agreement: A legal document that describes a partnership and agreed-upon objectives.Step 1: Determine the Appropriate Agreement Type.Signatures of Parties’ Principals Template: US Army Memorandum of Agreement 6 Steps to Writing a Memorandum of Agreement (MOA) or Memorandum of Understanding (MOU).Detailed Description of Roles and Responsibilities.Financial obligations of each party, if applicable.In the future, Sinotruk will continue to optimize the product structure and develop more customized products to meet the diversified market demands and establish a good image of Chinese products in the world. With the first enterprise technology center recognized by the state and the National Heavy Duty Vehicle Engineering Technology Research Center, its key assembly parts and components as well as the level of vehicle research and development are in line with international standards and can better meet the needs of the international market. In recent years, SINOTRUK has been increasing its investment in R&D and had the first-class technology. Scientific and technological innovation is the inexhaustible driving force behind brand development and an important support for high-quality products. Hardcore manufacturing technology enables SINOTRUK to keep up with international standards. All these moves will greatly drive more countries to participate in the international commercial vehicle industry and achieve win-win cooperation. At present, SINOTRUK has well-established a marketing network system in the world, developing about 300 distribution networks at all levels in more than 90 countries, establishing nearly 600 service outlets and parts outlets in more than 110 countries, and setting up 26 overseas KD production plants. As one of the earliest Chinese commercial vehicle enterprises to expand its presence in overseas markets, SINOTRUK has set its sights on expanding its operations around the globe, strengthened its efforts to establish overseas offices and customer feedback mechanism. To win with the world, SINOTRUK has established a global sales network. In such circumstances, SINOTUK implemented “precise and personalized product strategies" to meet the actual needs of the markets in different countries by building customized products in accordance with local regulations and actual operating conditions. Only by providing transportation solutions that meet individual needs can truck makers better integrate into the industry ecology of the commercial vehicle in export destination countries. The geographic environment, policies and regulations, vehicle application scenarios and purchasing power may vary in different countries and regions in the world. SINOTRUK has been committed to providing customized overseas transport equipment based on precise insights into customer needs. Especially in October, Sinotruk created a record of 10,000 vehicles exported in a single month. In the first 10 months of this year, SINOTRUK exported 76,000 heavy-duty commercial vehicles, up 45% year-on-year, accounting for more than 50% of China's exports of this industry. SINOTRUK has ranked first in China's heavy truck exports for many years, and its products have been exported to more than 110 countries and regions around the world. The award was established in recognition of those excellent brands in overseas market for the customized solutions and products they provided to customers. At the ceremony, SINOTRUK was awarded the “Customized Overseas Transport Equipment Supplier” for its great achievements in the global market.
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