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“We do not know where the news comes from. There is no explanation at this time.†According to news that China National Heavy Duty Truck has to set up a plant in Taiwan as an export base, Vice Minister of Propaganda Department of SinoSteel Heavy Industry, Guo Huanan, told this reporter: “If This kind of thing should be announced by a listed company."
At the recent China National Heavy Duty Trucks Shareholders' General Meeting, they did not talk about building a factory in Taiwan. However, with the rumors of the establishment of factories in Taiwan, the share price of CNHTC (3808.HK), which is listed in Hong Kong, has continued to rise. In stark contrast to this, the entire automotive sector is under adjustment.
Taiwan actively confirms
The first news of Sinotruk’s establishment of a plant in Taiwan originated from the April 9 China Economic Daily article “Sinotruk is expected to be the first company in Shandong to enter Taiwanâ€. Examining the investment environment, the willingness to set up factories in Taiwan is very strong, and hopes to use the cooperation with Taiwan to expand the US market. On April 12, Dow Jones Newswires issued another article, “China National Heavy Duty Truck will build a car manufacturing plant in Taiwan†reported that Taiwan’s “Executive Director†Wu Dunyi stated that China National Heavy Duty Truck initially decided to set up a production plant in Taiwan. Export Europe and the United States. These show that "Heavy steam into the station" news is not groundless. Some analysts believe that after last year, China National Heavy Duty Truck officially "hands in" German Mann, China National Heavy Duty Truck with the help of Man, quietly playing the idea of ​​Southeast Asia and even European and American markets.
Is there no advantage in setting up a factory in Taiwan?
At present, the production capacity of domestic heavy trucks is about 1 million vehicles, but this year the market capacity of the Mainland is 750,000 vehicles. There are a lot of production capacity remaining, and we can only aim at overseas. As the largest heavy truck manufacturer in China, China National Heavy Duty Trucks is leading the way. sheep. At present, Taiwan does not produce trucks, and it completely relies on imports. The Japanese market is dominated by cars, and European cars are less.
China National Heavy Duty Truck has no basis in Taiwan. Even if it is to be produced, “there is no related supporting industry and the cost is not low in Jinan (China National Heavy Duty Truck Headquarters).†Guo Huanan also said that if it is to establish an export base in Taiwan, it is better to be in Guangdong. Set up factories.
In an interview with Dow Jones, Wu Dunyi stated that the reason why Sinotruk is willing to build a production plant in Taiwan is based on Taiwan’s complete supply chain of technology, steel, and auto parts. He believes that products made in Taiwan are more expensive than those made in mainland China.