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Jianghuai Automobile, which has always insisted on an independent innovation route, has also begun cooperation with foreign manufacturers. Yesterday morning, Jianghuai Automobile signed two comprehensive joint venture agreements with Navistar, Inc. and Caterpillar Inc. in Beijing. The two companies will jointly produce and sell medium and heavy trucks and diesel engines. At this point, two Sino-U.S. joint ventures and cooperation projects that lasted two and a half years to negotiate have finally settled.
Create a precedent for cooperation in heavy trucks
Jiangqi has always had heavy-duty trucks, but heavy-duty trucks have not been large-scale projects. According to yesterday’s agreement, the joint venture’s heavy-duty truck project and diesel engine project in the Hefei Economic Development Zone will change this situation.
According to the agreement, the total investment of the medium- and heavy-duty truck project will not be less than RMB 3 billion, which will result in an annual production capacity of 80,000 medium- and heavy-duty trucks on a single class basis; the total investment in the engine joint venture project will be RMB 1.8 billion. The preliminary plan for production is 180,000 light diesel engines and 70,000 medium- and heavy-duty diesel engines. At present, the project is under the approval of relevant government departments.
Jianghuai Automobile's “marriage†between the two world’s top 500 foreign capital giants started the joint venture between medium- and heavy-duty trucks and engines, and also created a precedent for “China-US cooperation†in China's medium- and heavy-duty trucks. Jiang Qi indicated that he hopes to take this opportunity to consolidate and expand the commercial vehicle business and help Jianghuai Automobile enter the “top three†of global commercial vehicles as soon as possible.
Cooperation is not "market for technology"
"They have technology and we also have technology. They have overseas markets, and we also have our own resources overseas." Zuo Yanan, chairman of Jiangqi Group, said in an interview with reporters that the biggest highlight of this cooperation is different from previous cooperation in the automotive field. The "market for technology."
In the coming years, the Jianghuai Zhongzhongka joint venture company will use JAC's “five-star†logo for its medium and heavy truck products. In Zuo Yan'an's view, the reason why Jianghuai Automobile has so much power in the joint venture company is that Jianghuai Automobile has persisted in independent innovation for many years and has its own technology and management experience.
Regarding the outside world's concerns about Jianghuai’s shortage of funds and technology, Jianghuai Automobile stated that the joint venture used the assets and business of commercialized medium-sized trucks and heavy trucks as capital to invest in joint ventures. No cash is required, and the cash input of the other party is sufficient. Achieve future business planning.
Annual production and sales refer to 1.5 million
In an excellent situation, Jiang also announced the development goals for the next five years yesterday: During the “Twelfth Five-Year Plan†period, JAC will form an R&D and manufacturing capacity of 1.5 million vehicles annually, of which one-third is for the international market. .
"The Zhongcai Motor and Engine Joint-venture Project is the highlight of JAC's '12th five-year' structural adjustment and product upgrade, which will effectively consolidate the core position of the commercial vehicle business." Zuo Yan'an clearly attaches great importance to this heavy truck project.
In addition, during the “12th Five-Year Plan†period, in addition to continuing to strengthen the core business capabilities of commercial vehicles, Jiang Auto will also ensure the investment of strategic business resources for passenger vehicles, and will also make breakthroughs in new energy vehicles, core powertrains and the international market. (Tang Xiaohu)
