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SINOTRUK signed a contract with Fujian Yong'an Automobile Co., Ltd., and both parties jointly set up a commercial vehicle company project in Sanming City, Fujian Province. After the project is completed, it will form an annual production capacity of 80,000 to 100,000 vehicles for medium, heavy and light trucks.
From March 2009, SINOCHEM negotiated and communicated with Yongan Automobile and the governments at various levels in Fujian Province and was interested in investing in the construction of a medium and heavy truck production base in Sanming City, Fujian Province. More than a year later, the project was finally signed. The project is located in the Saming City Puling Automobile Industrial Park, with a planned total investment of 2 billion yuan. After the project is completed, it will form an annual production capacity of 80,000 to 100,000 heavy-duty and light trucks, with a planned investment of 8 yuan. 100 million yuan.
Yongan Automobile has a certain production base, sales network and management team. In the future, the project will introduce advanced heavy and medium card products and technologies from CNHTC, upgrade existing mature products, and establish high-, medium-, and low-end product lines and industrial chains.
This will become another production base for CNHTC in its base camp outside Jinan. 20 days ago, they had just signed a series of agreements with the Chengdu Municipal Government and Chengdu Trump Group. According to the agreement, CNHTC will build a production base with an annual output of 400,000 commercial vehicles in Chengdu, with a long-term investment of 3 billion yuan.