As the third largest truck company in the world, MAN has long maintained its global technology leadership in diesel engines. From July 15 this year, MAN announced the signing of a seven-year strategic cooperation agreement with China National Heavy Duty Truck Group to MAN to pay 560 million euros to acquire 25%+1 shares of China National Heavy Duty Truck (Hong Kong) Co., Ltd. The cooperation between the two parties has entered a substantive stage. After the news of the cooperation came out, various media also speculated about the details of the cooperation. At the press conference held on the afternoon of October 12, SINOTRUK made a complete interpretation of this cooperation. 25% plus 1 share of sincerity Tong Jingen, executive director of Sinotruk Hong Kong, explained that 25% of 1 shares means that MAN accounts for more than 1/4 of 1 shares, of which the stock refers to outstanding shares. This also shows that MAN is one of the larger shareholders of China National Heavy Duty Truck and shows its recognition and sincerity. In addition, according to the agreement, of the 17 directors of the CNHTC Board of Directors listed in Hong Kong, MAN is entitled to nominate 4 directors, including 1 executive director and 3 non-executive directors. Not long ago, the four directors nominated by MAN had been approved by the board of directors and formally participated in the work of the board of directors. At the same time, CNHTC still holds a 51% stake in Hong Kong-listed companies and is in an absolute controlling position, assuring the autonomy of CNHTC for listed companies. "Sample Release Document" Releases 100% Autonomy As we all know, in the past cooperation between Chinese auto companies and multinational corporations, the Chinese generally only got technical documents such as drawings. With these technical documents, the Chinese can produce products based on this, but the products still need to get foreign parties to do experiments. It is very difficult for them to make technological innovations, and it is even harder to talk about how to improve the technology. Then where does the 100% autonomy claimed by China Heavy Duty Truck come from? Cai Dong, president of China National Heavy Duty Truck Group, put forward a noun "model document" to answer questions. For this word, he explained: “We not only need to learn technology, but more importantly, how to develop the technology. Having obtained the “explanation documentâ€, it means that we not only got the technology, but also got the idea of ​​design. In order to get the method of research, this is in line with CNHTC's product line from original innovation, technological innovation, and independent innovation. From this point we can see that Mann also expressed the greatest sincerity in this cooperation, and the technology import approach is almost "Half-sale." Chairman of China National Heavy Duty Truck Board Ma Chunji stated that the cooperation with MAN provided conditions for the rapid development of China National Heavy Duty Truck. Forming a strategic partnership with Mantech, the relatively simple technical cooperation is a kind of cooperation enhancement, which enables CNHTC to receive long-term international advanced heavy truck technology support, especially the introduction of D08, D20, and D26 engines. Steam has paved the way for emissions through Euro III, Euro IV and Euro V, providing stable technical support for development over the next 10 to 20 years, which will greatly accelerate the technological progress of Sinotruk and truly build heavy truck technology. Internationalization platform. Mann not only gives China National Heavy Duty Autonomy in company management and technology, but also the two sides will jointly explore the international market. Cai Dong said: According to the agreement, MAN will allow China National Heavy Duty Truck to sell the heavy trucks that have been upgraded with MAN technology in regions with good sales worldwide, including MAN, and the products can enter MAN's sales channels. This also has no precedent in the Chinese automobile industry. It will also provide the driving force for Sinotruk to increase its brand competitiveness in the international market. Ultrafiltration Water Purifier Suzhou Puretal Electric Co.,Ltd , https://www.puretal.com
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