In March, 2003, Hyundai Group, an international automobile giant, came to the door and asked for cooperation with China Hyundai. Finally, through the coordination of the leaders of China countries, China Hyundai and Korea Hyundai Group signed an agreement on trademark transfer (cooperation) of automobile manufacturing and sales categories, stipulating that China Hyundai authorized Korea Hyundai to use the trademark of automobile manufacturing and sales categories in China, and Korea Hyundai designated China Hyundai as the first-class dealer of Beijing Hyundai in Zhejiang, and conducted in-depth research on chemical industry, bathroom and other categories. This brand cooperation has enabled "China Hyundai" to obtain economic benefits of more than 40 million yuan, which has created a precedent for trademark cooperation between China and foreign countries. Later, cooperation cases were written into MBA textbooks of many universities in China and some Korean universities. Zhang Pengfei has created a new model for private enterprises to participate in international competition and enhance the global value of China's independent brands, which has brought a good reference to China's business community and even the whole society.