Dongfeng Nissan and Sinopec to cooperate

China Petrochemical Corporation (Sinopec) and Dongfeng Nissan signed a full-scale strategic cooperation agreement on May 7 in Beijing, marking the first strategic in-depth cooperation between Chinese energy and automobile enterprises. The two sides reached comprehensive agreements in technology, brands, products, after-sales services and overseas markets. However, no detailed terms have been published other than the framework of the agreement. (May 9, 2008)