Sichuan Hyundai Commercial Vehicle Financing Project Is Signed in Ziyang

www.chinatrucks.com: On Ocotober 21, the commercial vehicle financing project of Sichuan Hyundai Motor Company is signed in Ziyang, Sichuan province. Deputy Secretary of Ziiyang Municipal Party Committee Wang Lin rong, vice president of Bank of China Sichuan Branch Nie Xunqing, and president of Sichuan Hyundai Sun Zhentian attend the signing ceremony and address speeches.

Signing ceremony

At the ceremony, Wang Rongmu on behalf of municipal party committee and municipal government express heatfelt thanks to Bank of China Sichuan Branch for their long-term support and concern on the development of Ziyang. He says Sichuan Hyundai's commercial vehicle project is of great significance for Ziyang to create a 100 billion auto industry and construct "western auto city", and the signing of financial agreement is a driving power and guarantee to the project. He hopes Sichuan Hyundai could take better use of the capital in order to accelerate the construction of world-class commercial vehicle production base with strong competitiveness and hopes Bank of China Sichuan Branch will as always support the development of Ziyang. Zeyang municipal government will spare no efforts to create a sound environment to support the development of enterprises and the financing industry in Ziyang.

Nie Xunqing says that the Bank of China and its Sichuan Branch have been paid great attention to Sichuan Hyundai's commercial vehicle project. Sichuan Branch and Ziyang Branch will as always focus on the local economic construction, provide support for the development of Ziyang, and offers customers with excellent, effective and convenient financing services.

Sun Zhentian says that Sichuan Hyundai with modern technology, good products and excellent brand has deep understanding on China's commercial vehicle market and international advanced operation concept. Sichuan Hyundai will comply with the industrial trend to turn into a world leading commercial vehicle enterprise with strong competitiveness in global market. The credit given by Bank of China will assist them to accelerate the construction of new products and new plants. Sichuan Hyundai will return the care from all cycles with remarkable performance and contribute to the economic development of Ziyang.

At the ceremony, two sides sign the financing agreement according to which Bank of China will provide 1.6 billion yuan to Sichuan Hyundai to support the construction of new plant, improvement of new equipment and scale operation of the company.

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