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China National Heavy Duty Truck Group and German Man Group reported the progress of the strategic cooperation agreement in the past year.
According to Cai Dong, general manager of CNHTC, since the signing of the agreement in July 2009, the cooperation project between the two parties has progressed smoothly. The transfer of technical documents and localization work are nearing completion. The plant has started construction according to the plan. Most of the sophisticated equipment that must be imported has been ordered and arrived, and personnel training and technical support have been fully implemented at all levels. In order to better realize the synergy effect of the project, both parties have reached consensus in the areas of quality management, procurement, sales, and after-sales service and achieved initial results.
Dr. Pachita, CEO of Man Group, stated that the Chinese market has become the fastest growing commercial vehicle market in the world. The Man Group attaches great importance to the development of the Chinese market. The cooperation with Sinotruk is the goal of the Man Group to achieve rapid development in the Chinese market. The important content.
The cooperation between Sinotruk and the Man Group can be divided into two levels: the capital level and the technical and operational level. At the capital cooperation level, the Manchester Group obtained a 25%+1 share of CNHTC through an investment of 560 million euros, and sent three non-executive directors and an executive director to the board of directors. China National Heavy Duty Truck Group holds a 51% stake in Sinotruk. At the technical and operational level, according to the technology transfer contract signed by both parties, MAN Group will transfer TGA vehicle technology and key assembly and component technologies such as engines and axles to China National Heavy Duty Truck Group. Sinotruk has obtained a license for use within China. The technology carries out exclusive rights for the production and assembly of trucks to achieve the localization of contracted products. Both parties will use the global sales network of CNHTC and Man Group to sell new products. At the same time, the two parties also plan to co-develop and launch a series of new products in 2011.
In the Chinese market, as early as 1983, the Man Group established a partnership with the predecessor of China National Heavy Duty Truck Group and signed a technology import agreement for the Steyr truck. The two sides are optimistic about their cooperation. China National Heavy Duty Truck Chairman Ma Chunji said that Sinotruk and Man Group have a friendly and successful history of cooperation. It is believed that with the efforts of both parties, this cooperation will surely achieve a win-win situation and be successful. Pachita said that the cooperation between MAN Group and China National Heavy Duty Truck in the past year has progressed smoothly. This cooperation will not only promote the development of Sinotruk, but also benefit the development of the MAN Group in the global automotive market.