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CNHTC has identified several new partners in 2008 (especially the last two months):
On February 14th, CNHTC Sales Department held a signing ceremony for the four-party auto insurance business. China National Heavy Duty Truck Vice President, China Everbright Bank, China CITIC Bank, Anbang Insurance Company and China National Heavy Duty Truck Distribution Unit attended the signing ceremony.
On February 25th, signed a memorandum with Russia’s Amorgil Company on accelerating market development, vehicle sales, and establishing a joint venture between HOWO-ZIL and the company;
April 30, signed a comprehensive business cooperation agreement with China Export Credit Insurance Corporation;
On November 1st, signed a strategic cooperation framework agreement with Jinan Gengchen Company;
On November 4th, the signing ceremony of strategic cooperation agreement was held with German Continental Group;
On November 12th, it signed a "Car Loan Insurance" business cooperation agreement with China Pacific Property Insurance Company;
On November 17, it signed a strategic cooperation agreement with Datong City People's Government;
On December 7, the signing ceremony of strategic cooperation agreement with Baosteel Co., Ltd. was held;
On December 10th, it signed a strategic cooperation agreement and car loan insurance business cooperation agreement with PICC.
In addition, China National Heavy Duty Truck Group also reorganized the big teeth. (On November 18, 2008, the signing ceremony for the strategic restructuring and equity transfer agreement between China National Heavy Duty Truck Group and Daguao Group was held at the Yingze Hotel in Taiyuan.)
According to confirmed news, the new strategic partner of Sinotruk is Germany's MAN company. However, it is still not clear what kind of cooperation will be carried out.
1. Xia Shu, an independent car commentator, believes that the cooperation between Sinotruk and Man is unlikely to be in the entire vehicle or transmission or axle, and most likely in terms of the engine, and believes that this may be Man's D2676, D2066. Two stem from the Steyr engine project.
2. Although Steyr's technology has been introduced into China as early as more than 20 years ago, this technology can now be said to be relatively backward, but it is still "appealing" in the Chinese market. If Sinotruk introduces the two engines (10.5L and 12.5L, respectively), together with its own D10 and D12 series engines, CNHTC can form four engine series ranging from 10L to 12.5L. To enrich their product lines and increase their competitiveness. As we all know, large-displacement, high-horsepower engines are the development trend of the domestic commercial vehicle market, and Weichai now only launches 12L engines. Only Dongfeng Cummins and FAW Xichai and other minority companies have 13L engines.
3. If Sinotruk produces four series of engines from 10L to 12.5L, the two engine projects cooperating with MAN may only be produced in Jinan (now that Jinan Engine Factory produces D10 and D12 series engines simultaneously). Some D10 and D12 series engines may all be delivered to Hangzhou Engine Company for mass production and export.
4. Xia Shu believes that China National Heavy Duty Truck Co., Ltd. and Man will carry out the cooperation of D2676 and D2066 engine projects. There is still a long-term consideration. These two engines of MAN are all Euro IV products in Europe. They are true, persuasive and credible EGR technologies that can be upgraded to Euro V. For the "EGR" that China National Heavy Duty Truck is currently using at the National III emission standard stage, the industry has doubts about it. Although China National Heavy Duty Truck Co., Ltd. has suffered a heavy blow, it will not give up this "EGR". However, Sinotruk can absorb the use of Man's EGR technology to transition to the national IV stage.
5. Although Sinotruk and Mann will carry out strategic cooperation, the possibility of a joint venture is unlikely. The prudent Mann cooperation in the field of commercial vehicles in China (mainly the introduction of technology) has never been a joint venture, not to mention Iveco, Volvo, the European commercial vehicle companies in China in the absence of a joint venture before the lesson.
6. Mann acquired the Volkswagen truck and passenger car business in Brazil in December 2008, increasing the shareholding in Scania of Sweden to 13.3%, voting rights shares to 17.22%, and said that holdings of Scania's shares is long-term Strategic investment. Although Man’s move behind these moves is its single largest shareholder, Volkswagen, Volkswagen is working on a joint Mann’s and Scania’s to create a “jumbo†that surpasses Daimler and Volvo, but because of these three The inherent contradiction between companies (especially Man and Scania), the redistribution of responsibilities and benefits resulting from the evolution of the relationship between the public and its controlling shareholder Porsche, and the current economic situation, this “giant†will not be reached in the short term . So dealing with Scania's acquisition or merger is not the focus of Man's current work. As Mann’s CEO Hakan Samuelsson said on January 10, “Man has no plans to acquire Scania. We now need to focus on exploring emerging markets including China.†In China’s commercial vehicle market, with Sinotruk’s Strategic cooperation may be the move it is taking, although this may make Weichai or other companies unhappy.
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