According to COSCO Shipping, China Ocean Shipping Group Co., Ltd. (COSCO Shipping) and China first Automobile Group Co., Ltd. (China first Automobile Group Co., Ltd.) signed a strategic cooperation framework agreement in Shanghai. According to the agreement, the two sides establish a strategic cooperative partnership based on the principles of equality and mutual benefit, complementary advantages, win-win cooperation and common development, give full play to their respective advantages and actively promote the docking of strategic planning on the basis of consolidating and stabilizing the long-term cooperative relationship, through joint ventures and cooperation, expanding emerging markets, innovating business models, and realizing resource sharing. Work together to create a leading global supply chain solution for the automotive industry, a digital supply chain ecosystem, and jointly promote the green, low-carbon and intelligent development of both sides.