Jianghuai was selected, "We only got news today." An insider of Jianghuai Automobile said in an interview with reporters yesterday that the company may formally issue an announcement later. The day before, South Korea’s Hyundai officially announced that it will form a joint venture with JAC Motors to produce commercial vehicles. The two automakers will hold 50% of the joint venture respectively, and will invest a total of US$780 million in joint ventures by 2010. The newly formed joint venture will achieve an annual production capacity of 50,000 small commercial vehicle engines, 10,000 buses, and 90,000 trucks by 2010. This means that since last year, South Korea’s two domestic technology partners, Jianghuai Automobile and Huatai Automobile, have been competing for dust. As this is the second joint venture of Korea Hyundai in the country except Beijing Hyundai Motor Co., according to the relevant provisions of the current national industrial policy, the hope of Huatai Automobile and Hyundai joint venture has been almost zero. Before that, Jianghuai Automobile introduced the modern technology of South Korea and domestic commercial vehicle Jac refine in the market, and sales have been optimistic; Huatai Automobile also produced South Korea's modern SUV Traka by way of technology introduction, and it has always been optimistic. . From the end of last year, it was first reported that JAC and Huatai all intended to introduce the SUV, which is the best-selling SUV in China. Afterwards, both of them publicly stated that they intend to form a joint venture with Hyundai. However, Hyundai has been hesitant to choose which partner, joint venture and the introduction of Santa Fe all temporarily. Locking the SUV JAC has apparently become the winner of this battle. The joint venture between JAC and Hyundai was basically finalized at least half a month ago. Jiang Jinhuai general manager An Jin told reporters not long ago that after October this year, the company will mass-produce Gehlfa heavy trucks and said that “there is a good show. Behind." It now appears that Amgen’s words refer to this joint venture project. In addition, an investment agreement passed by the board of directors of Jianghuai Automobile on August 25th clearly stated that it is required to invest in the production model HFC6500-II commercial vehicle on the production technology platform of Jianghuai Ruifeng. Yesterday, the staff of the Jianghuai Automobile Securities Department told the reporter that this model of commercial vehicle is an SUV, and the planned annual production capacity is 20,000 units. On September 6, a visiting delegation led by the governor of Anhui Province visited South Korea. The delegation members included Zuo Yanan, chairman of Jianghuai Automobile. Yesterday, a middle-level Jianghuai Automobile stated that the chairman is still in South Korea and will return to China within a day or two. In specific joint ventures, Jianghuai Automobile will issue a formal announcement later. Huatai is worrying that Jianghuai Automobile is preparing to celebrate while Huatai Automobile, another modern partner, faces development bottlenecks. Yesterday, the reporter was accidentally informed that Zhang Cailin, who joined Huatai Automotive and became the general manager of sales in 2002, has quietly left Huatai Automotive two weeks ago. The successor is the general manager of Huatai Automobile Co., Ltd., which is being established, which is specially established for the listing of Huatai Automobile. Li Guangfan. Li used to be the top GM of Jinbei. He joined three of his subordinates two months ago. Zhang Cailin once served as the general manager of Beijing Jeep Sales Co., Ltd. After joining Huatai Automotive, he has always been the spokesperson for Huatai Motors, and is also a high-level joint venture between Huatai Motor and Hyundai. Analysis of the industry, Zhang Cailin left an important reason is that Zhang did not successfully dominate Huatai and the modern joint venture. The current official statement of Huatai Automobile is that Zhang Cailin is on sick leave. Yesterday, the reporter contacted Zhang Cailin who was free. "I may not be back." His explanation for leaving was: tired and need rest. Zhang Cailin said that if Huatai Automobile is to develop, there are two conditions that are very important. One is a joint venture with modern companies; the other is the introduction of Santa Fe. Although the joint venture with Hyundai has been very rampant, he said that negotiations to introduce Santa Fe are not yet over. Joint ventures are almost impossible. The introduction of Santa Fe is inconclusive. Huatai Motor, which almost all modern products use modern technology, has reached a crossroads. The industry has recently rumors that Dongfeng Motor may acquire Huatai, but yesterday, a vice president of Huatai Automobile denied the claim. It is still a suspense that Huatai Motor will develop next. Yesterday, several high-level executives at Huatai Motor Co., Ltd. were all sensitive because they did not want to be interviewed by reporters. However, they all acknowledge that the support of South Korea’s modern technology is very important for the development of Huatai. (Author: Zhang Lidong)
JAC becomes the second joint venture partner of Hyundai Modern in China
Jianghuai was selected, "We only got news today." An insider of Jianghuai Automobile said in an interview with reporters yesterday that the company may formally issue an announcement later. The day before, South Korea’s Hyundai officially announced that it will form a joint venture with JAC Motors to produce commercial vehicles. The two automakers will hold 50% of the joint venture respectively, and will invest a total of US$780 million in joint ventures by 2010. The newly formed joint venture will achieve an annual production capacity of 50,000 small commercial vehicle engines, 10,000 buses, and 90,000 trucks by 2010. This means that since last year, South Korea’s two domestic technology partners, Jianghuai Automobile and Huatai Automobile, have been competing for dust. As this is the second joint venture of Korea Hyundai in the country except Beijing Hyundai Motor Co., according to the relevant provisions of the current national industrial policy, the hope of Huatai Automobile and Hyundai joint venture has been almost zero. Before that, Jianghuai Automobile introduced the modern technology of South Korea and domestic commercial vehicle Jac refine in the market, and sales have been optimistic; Huatai Automobile also produced South Korea's modern SUV Traka by way of technology introduction, and it has always been optimistic. . From the end of last year, it was first reported that JAC and Huatai all intended to introduce the SUV, which is the best-selling SUV in China. Afterwards, both of them publicly stated that they intend to form a joint venture with Hyundai. However, Hyundai has been hesitant to choose which partner, joint venture and the introduction of Santa Fe all temporarily. Locking the SUV JAC has apparently become the winner of this battle. The joint venture between JAC and Hyundai was basically finalized at least half a month ago. Jiang Jinhuai general manager An Jin told reporters not long ago that after October this year, the company will mass-produce Gehlfa heavy trucks and said that “there is a good show. Behind." It now appears that Amgen’s words refer to this joint venture project. In addition, an investment agreement passed by the board of directors of Jianghuai Automobile on August 25th clearly stated that it is required to invest in the production model HFC6500-II commercial vehicle on the production technology platform of Jianghuai Ruifeng. Yesterday, the staff of the Jianghuai Automobile Securities Department told the reporter that this model of commercial vehicle is an SUV, and the planned annual production capacity is 20,000 units. On September 6, a visiting delegation led by the governor of Anhui Province visited South Korea. The delegation members included Zuo Yanan, chairman of Jianghuai Automobile. Yesterday, a middle-level Jianghuai Automobile stated that the chairman is still in South Korea and will return to China within a day or two. In specific joint ventures, Jianghuai Automobile will issue a formal announcement later. Huatai is worrying that Jianghuai Automobile is preparing to celebrate while Huatai Automobile, another modern partner, faces development bottlenecks. Yesterday, the reporter was accidentally informed that Zhang Cailin, who joined Huatai Automotive and became the general manager of sales in 2002, has quietly left Huatai Automotive two weeks ago. The successor is the general manager of Huatai Automobile Co., Ltd., which is being established, which is specially established for the listing of Huatai Automobile. Li Guangfan. Li used to be the top GM of Jinbei. He joined three of his subordinates two months ago. Zhang Cailin once served as the general manager of Beijing Jeep Sales Co., Ltd. After joining Huatai Automotive, he has always been the spokesperson for Huatai Motors, and is also a high-level joint venture between Huatai Motor and Hyundai. Analysis of the industry, Zhang Cailin left an important reason is that Zhang did not successfully dominate Huatai and the modern joint venture. The current official statement of Huatai Automobile is that Zhang Cailin is on sick leave. Yesterday, the reporter contacted Zhang Cailin who was free. "I may not be back." His explanation for leaving was: tired and need rest. Zhang Cailin said that if Huatai Automobile is to develop, there are two conditions that are very important. One is a joint venture with modern companies; the other is the introduction of Santa Fe. Although the joint venture with Hyundai has been very rampant, he said that negotiations to introduce Santa Fe are not yet over. Joint ventures are almost impossible. The introduction of Santa Fe is inconclusive. Huatai Motor, which almost all modern products use modern technology, has reached a crossroads. The industry has recently rumors that Dongfeng Motor may acquire Huatai, but yesterday, a vice president of Huatai Automobile denied the claim. It is still a suspense that Huatai Motor will develop next. Yesterday, several high-level executives at Huatai Motor Co., Ltd. were all sensitive because they did not want to be interviewed by reporters. However, they all acknowledge that the support of South Korea’s modern technology is very important for the development of Huatai. (Author: Zhang Lidong)