Sinotruk to produce engineering machinery vehicle in 2011
(chinatrucks.com, Nov 3, 2010) Sinotruk has procured tooling, and technology and other mainly technology assets of Shanghai Huizhong, and Shanghai Huizhong is one of the subsidiaries of Shanghai Auto group. The mainly business of Shanghai Huizhong is including heavy truck and parts and components businesses. At the same time, Sinotruk has signed the cooperation agreement with Chengdu Wangpai group. Both parties will invest to set up Sinotruk Group Chengdu Wangpai Commercial Vehicle Company.
Furthermore, Sinotruk has invested 32,500,000 Euros and hold 80% shares. The JV Company will develop the full series commercial vehicles, including heavy truck, medium truck and light truck as well as mini truck. The JV Company will realize the capacities of 100,000 medium trucks, and heavy trucks, ＆ 300,000 light trucks and mini trucks by 2015in accordance with the agreement. The program with 100,000 medium trucks and heavy trucks will be initiated in 2011.
At the moment, many engineering machineries vehicles will be imported from overseas. Sinotruk has great potential to develop engineering machinery. The gross profits of inland engineering machineries will raised from 20% to 40% in accordance with the marketing people.
Views:0
Submit Your Requirements, We Are Always At Your Service.
- SINOTRUK Signs Intent Agreement for 500-Vehicle Order with Indonesian Customer 2026-02-12
- SINOTRUK Leads China’s Heavy Truck Exports for 21st Straight Year 2026-01-12
- SINOTRUK Opens First Showroom in Benghazi, Libya 2025-09-28
- Sinotruk Rolls Out First Locally Assembled Truck in the Philippines 2025-09-10
- China’s Heavy Truck Sales Surge 46% in July 2025-08-25
- Sinotruk Forms a Joint Venture in Kazakhstan to Produce 10,000 CVs Annually 2025-08-14
- Sinotruk Opens New Dealership in Zambia and Launches HOWO-MAX Truck 2025-08-11
- Sinotruk Presents Trucks and Parts at Tanzania’s Sabasaba Trade Fair 2025-08-11
- Sinotruk Delivers First Trucks to YiMi Cargo in the Philippines 2025-07-31
- SINOTRUK Displays Locally Assembled Trucks at Astana Vehicle Expo 2025-07-08
- Foton, COSCO Shipping Move to Secure Capacity as China’s CV Exports Rise
- The 11th DISCOVERY TRUST Awards Successfully Held in Beijing, China
- Chinese Heavy Truck Makers Shift to Value-Driven Global Expansion
- Shandong Heavy Industry and Kazakhstan’s Karaganda Region Ink New Deal
- China’s Diesel Trucks are Shifting to Electric
- Indonesia’s State-led Firm Set to Purchase 320,000 Vehicles
- SANY Truck and Pony.ai to Mass-Produce Gen-4 Autonomous Trucks in 2026
- FOTON Boosts Local Manufacturing in South Africa
- Office Closure for National Day Holiday
- FORLAND Rolls Out Its 6.8 Millionth Vehicle
- China Heavy Truck Sales Fall to 73,600 Units in February
- China’s Medium-Duty Truck Sales Fall to 8,125 Units in February, 2026
- China’s February Light Truck Sales Fall 23% to 117,200 Units
- China’s Mini Truck Sales Rise 15% in February to 41,500 Units
- China’s Light Truck Market Rises 8% in January 2026 to 323,500 units
- China’s Pickup Sales Reach Five-Year January High as Market Momentum Builds
- Heavy Truck Sales Soar 46% to 105,400 Units in January 2026
- January Medium Truck Sales Hit 14,100, Up 33%
- China’s Truck Exports Top 1 Million Units for the First Time in 2025
- China Tractor Truck Sales Up 54% in Dec., 2025 Full-Year Sales 460,000 Units
