China News Service, Beijing, August 17th (Reporter Yan Xiaohong) Since entering this year, the Chinese auto industry has been operating at a high level. Among them, the growth of commercial vehicles continued to lead the way, with sales growth of 24.4 percent in the first five months, which was more than a year-over-year increase of more than one percent. The ever-widening numbers in the Chinese auto market have attracted the attention of all the giants of commercial vehicles in the world.
The reporter learned today that starting in January of this year, Daimler, Foton, Volvo and Dongfeng have all actively promoted the cooperation process. After entering June, the German MAN first established the Group Beijing Center, followed by Italian Iveco and China SAIC. The establishment of a joint venture between Hongyan and Hongyan. Among them, Iveco Hongyan Commercial Vehicle Co., Ltd., a joint venture between Italy's Iveco, SAIC Motors, and Hongyan, the earliest commercial vehicle giant that entered China, is considered to be the first sign that Italy's Iveco has completed the strategic layout of China. The industry believes that these have confirmed that China is no longer just a vehicle sales market, it will become the future production base for commercial vehicles in the world.
According to the plan, SAIC-Iveco will build a heavy-duty truck base that has a significant presence in China and has a place in the world within three to five years. It will achieve the business goal of achieving a total revenue of more than 20 billion yuan in the main business of complete vehicles and key components. Car market share reached more than 10%. At present, compared with the status quo of other multinational commercial vehicle giants, Iveco Italy has already taken ownership of China's three major automobile groups. It has both the “light and heavy†and has completed the entire layout of the “Chinese campâ€.
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