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After Germany, a major auto-producing country, Canada, a world-renowned auto parts producer, also targeted Shandong and wanted to cooperate with China National Heavy Duty Truck and other companies to invest and build factories in Shandong.
Recently, Cui Yingbo, the commercial commissioner of the Canadian Embassy in charge of automobiles and machinery manufacturing, made a special trip to Jinan to inspect the CNHTC production base. Cui Yingbo said that Canadian auto parts companies have internationally advanced auto parts manufacturing technology and R&D systems, and many companies are specifically supporting North American and European well-known auto manufacturers. The sudden global financial crisis has caused the European and American auto market to stagnate. Canadian auto parts companies have turned their attention to the Asia-Pacific market, especially the Chinese market. He was deeply impressed by Jinan's inspection tour and the intensified production scene between heavy vehicles. He hoped that Canadian auto parts companies could strengthen communication with Jinan-related heavy truck companies and establish a professional cooperation platform.
The advantages of the heavy truck base are further manifested
Jinan is the birthplace of China's first heavy truck. On April 15, 1960, the first 8-ton “Yellow River Sign†heavy truck in the history of the development of the Chinese automobile industry was successfully developed in Jinan. After nearly 50 years of development, Jinan has become one of the three major production bases for domestic heavy-duty vehicles, with more than 20 companies engaged in automobile production and conversion, and 7 influential large-scale truck auto parts markets in the country. There are more than 120 component manufacturers. China National Heavy Duty Truck Group, headquartered in Jinan, has become a leader in domestic heavy truck companies after years of rapid development.
The latest sales statistics show that in March this year, China National Heavy Duty Truck Group ranked first in the sales of heavy truck companies with monthly sales of 19,500 units. Recently, relevant persons in the domestic financial industry conducted an assessment of China's A-share commercial vehicle listed companies. According to the results of the comprehensive assessment, China National Heavy Duty Truck Group ranked first. Investors believe that China National Heavy Duty Truck is strong in the field of heavy trucks and has a complete industrial chain. In 2008, the company sold 112,000 heavy trucks, with a market share of 20%. From January to February this year, its heavy truck market share reached more than 35%, significantly better than expected. It is expected that with further national investment in fixed assets in place in the second half of the year, heavy truck sales of Sinotruk will also increase.
The Jinan heavy truck production base represented by CNHTC not only attracted the attention of domestic investors, but also attracted the attention of international heavy truck component giants in the financial crisis.
It is understood that after the world’s top 500 companies, ZF Germany, set up a plant in Jinan to supply automobile steering engines for heavy duty vehicles, Germany’s VOSS, which produces hose joints, will also build factories in Jinan. In March of this year, Continental Group, the largest manufacturer of heavy-duty truck parts in Germany, officially settled in Jinan Lingang Economic Development Zone. The company will invest 320 million yuan for the production of heavy truck components for China National Heavy Duty Truck. The project is expected to be completed and put into operation by the end of this year.
Multinational companies see market warming opportunities
Li Yuming, head of the China (Jinan) International Truck & Parts Exhibition and the president of the Jinan City Council for the Promotion of International Trade, said: “The investment of 4 trillion yuan by the Chinese government and the introduction of related industry adjustments and revitalization plans have contributed to the development of the domestic economy. The heavy truck industry, which is closely associated with infrastructure construction and logistics development, has benefited significantly, and industry insiders are generally optimistic about this year's heavy truck market. Of course, international heavy truck component giants have also seen this business opportunity. â€
At the end of last year, in response to the global financial crisis, the Central Government identified ten measures to further expand domestic demand and promote economic growth, and introduced a four-year two-year investment plan. Ten of these measures include accelerating the construction of rural infrastructure and accelerating the construction of major infrastructure such as railways, highways and airports. These measures have now enabled the domestic auto market to pick up.
In contrast, under the impact of the financial crisis, consumption in the mainstream automotive markets such as Europe and the United States has shrunk, and some countries that mainly produce auto parts and components have begun to shift to emerging markets and seek new development opportunities. Heavy-duty truck spare parts companies in Germany and Canada are planning to invest in and build factories in Jinan.
“The financial crisis has prompted the international auto market to reshuffle, which is a rare opportunity for development for Chinese auto companies.†Li Yuming said, “The financial crisis has led to a decline in energy, human resources, and technical equipment costs, which has brought in international talent and advanced technology for us. The technological equipment, capital, etc. have brought unprecedented opportunities, especially to provide space for stimulating the upgrading and development of industries such as heavy trucks, and also provide opportunities for investment in the regional industry."
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International heavy truck component giants compete to invest in Jinan