China and Germany's two major automobile companies join hands to enter the global commercial vehicle market


China Dongfeng Motor Group Co., Ltd. and Germany’s Smiths AG signed a strategic cooperation agreement in Wuhan on the 16th to jointly establish Dongfeng Smith Special Vehicle Co., Ltd. (“Dongfeng Smith”), focusing on the research and development, production and sales of semi-trailers to enter the market. Global commercial vehicle market.


According to the contract signed by both parties on the 16th, the newly formed Dongfeng Smith settled in the Wuhan Economic and Technological Development Zone, each of which has a 50% stake in the joint venture company. The total investment amount for the first phase of the project is 600 million yuan. It plans to use 5 years to reach the production and sales scale of 40,000 units.


The initial stage of the joint venture will focus on the mainstream market for semi-trailer transportation in China. The company will launch warehouse barriers, barriers, vans, and low-bay products, and it is expected to start production in the first half of 2014. Internally, the company will establish an independent R&D institution and conduct joint research and development with Dongfeng Commercial Vehicle Co., Ltd. on a new type of commercial vehicle project to achieve the best match and to promote marketing simultaneously.


Uri Schumer, chairman and president of Smiths AG, revealed that this cooperation with China's major truck manufacturer, Dongfeng Motors, is a century-old plant with 120 years of history and leading European semi-trailer production and sales, and the world’s largest A truck manufacturer's cooperation. The two parties will give full play to their respective product field advantages, integrate technological research and development, production, sales channels and other resources, and expand the global commercial vehicle market including China.


According to Zhu Fushou, executive director and president of Dongfeng Motor Group Co., Ltd., with the rapid development of China’s economy, China’s commercial vehicle market is also in great demand. Currently, 4 million commercial vehicles are produced each year, accounting for half of the world’s total, but there are scattered, chaotic, and poor. , weak, etc., various assembly vehicles, unqualified trucks repeatedly make disasters. Coupled with large energy consumption and high logistics costs, it has seriously hampered the development and growth of China's logistics and transportation industry. The cooperation between the two sides will realize the integration of high-quality tractors and high-quality trailers. It will promote the overseas export of Dongfeng commercial vehicle tractors and drive the upgrading of Dongfeng's special-purpose vehicle technology.


Xu Kezhen, the deputy governor of Hubei Province who attended the signing ceremony, pointed out that the automobile industry is a strategic pillar industry in the province. At present, Hubei is an important commercial vehicle production base in China. The cooperation between Dongfeng Motor Company and the German company Smith is of great significance in promoting the upgrading and transformation of the Hubei automobile industry, effectively regulating the Chinese commercial vehicle market, and reducing the logistics cost of the company.



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