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Accelerate the pace of cooperation and expand market share
On October 7, China National Heavy Duty Truck (Hong Kong) and German Man Corporation held a sales ceremony in Hong Kong and signed a transaction agreement. The lawyers of the two parties verified the legality of the documents. The representatives of both parties signed the documents and raised their glasses to celebrate. The closing ceremony was held smoothly and the atmosphere at the scene was very enthusiastic. At the ceremony, Ma Chunji, Chairman of the Board of Directors of China National Heavy Duty Trucks Hong Kong Co., Ltd., signed a deal with Mr. Weiman, Chairman of the German Man Group Company and Chairman of the Commercial Vehicle Corporation of Mann. Mann Co., Ltd. paid 560 million euros to obtain 25%+1 shares of Sinotruk (Hong Kong). The transaction marked that the cooperation projects between the two parties have entered a substantive stage, which will inevitably combine the technical and cost advantages of both parties, thereby accelerating the pace of cooperation between the two sides in the sales network and global procurement, expanding market share, enhancing profitability, and consolidating And enhance their strategic position in the market.
Mann is the third largest truck company in the world. It invented the world's first diesel engine and maintained its long-term global technological leadership in diesel engines. It has a long-term and extensive market network worldwide.
The cooperation with MAN will have a positive impact on CNHTC. The first is the formation of a strategic partnership with Man. For the relationship of technical cooperation only 25 years ago, it is an improvement of cooperation. China National Heavy Duty Truck can get long-term international advanced heavy truck technology support, especially through the technology transfer of Eurotech, Euro IV and Euro V engine products, providing stable technical support for Sinotruk's development over the next 10 to 20 years , will greatly accelerate the pace of technological progress of enterprises, and truly establish an international platform for heavy truck technology; Second, through the participation of the other management, can introduce advanced scientific management systems and methods, so as to further enhance the overall management of the company, and further strengthen the company's internal control Third, through cooperation, we can further broaden the international and domestic markets, and provide favorable conditions for CNHTC to participate more extensively and deeply in international market competition. Fourth, cooperation can further enhance the efficiency of enterprises. This cooperation is important in China. A refinancing of the steam is also an important measure for companies to overcome the economic crisis.
After the project was signed, Sinotruk and German Mann did a lot of work for the formal transaction and cooperation of the project, and conducted good communication and negotiation. From September 26 to 29, senior leaders of China National Heavy Duty Truck visited the German company Man, and received warm reception from the company. The two parties conducted friendly discussions and on-site visits. From September 30 to October 1, Cai Dong, President of China National Heavy Duty Truck went to Austria to attend the celebration of the 25th anniversary of the Steyr project cooperation. Through the visits, Sinotruk had a more intuitive and comprehensive understanding and understanding of the German company. The two parties discussed and exchanged related issues in the project cooperation, further deepened mutual understanding, and laid a good foundation for the smooth transaction of the cooperation projects and continuous work.
At present, China Sinotruk cooperation with Germany's Mann project has been fully carried out and promoted in an orderly manner. On October 11th, China National Heavy Duty Truck dispatched a working group of 16 middle-level management technicians and 12 staff members to the company for an eight-day inspection to specifically link the next steps of the cooperation project. The four directors nominated by Man Corporation have been approved by the board of directors and formally participated in the work of the board of directors. The HOWO-A7, which has been clearly equipped with D20 and D26 engines by China National Heavy Duty Truck Group, is produced by the truck company. The lifting trucks of the Manga TGA model are produced by commercial vehicle companies. By the end of the year, the T-truck (A7) will upgrade the model to produce a prototype and will achieve mass sales next year. The preliminary work on the localization of D08, D20 and D26 engines has been fully carried out. The relevant technical documents stipulated in all agreements will also be transferred in batches in the near future.
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