Xin Lang Cai Jing·2026-01-05 10:32Core Viewpoint - The signing of a cooperation framework agreement between Kunlun Trust and China Petroleum Lubricants Company marks a significant collaboration aimed at enhancing brand development and expanding business opportunities in the automotive industry [2][4][10]. Group 1: Cooperation Agreement - The cooperation framework agreement was signed on January 4, 2026, by key executives from both Kunlun Trust and China Petroleum Lubricants Company [2][8]. - The agreement signifies a strategic partnership that aims to leverage the strengths of both companies in the lubricants market [4][10]. Group 2: Project Development - Kunlun Trust's South China regional headquarters played a crucial role in helping the lubricants company secure a major lubricants project worth over 1 billion in the domestic market with BYD [4][10]. - This project represents a qualitative leap in the partnership, establishing the lubricants company as a core supplier of production materials for BYD [4][10]. Group 3: Future Collaboration - Both parties agreed to establish a specialized team to explore further cooperation in areas such as overseas market expansion, equity investment, customer resource sharing, and brand development [4][10]. - The collaboration is seen as a model for integrating finance and industry within the China Petroleum system, validating the practical value of the "Trust + SPV" model in industrial scenarios [4][10].