China National Heavy Duty Truck Group

China National Heavy Duty Truck Group Company Limited
中国重型汽车集团有限公司
State-owned enterprise
Industry Truck manufacturing and sales
Founded 1935
Headquarters Jinan, Shandong, People's Republic of China
Area served
 People's Republic of China
Key people
 Chairman: Mr. Ma Chunji
Products Trucks
Owner State Council
Subsidiaries Sinotruk (Hong Kong) Limited (75%)
Website China National Heavy Duty Truck Group Company Limited

China National Heavy Duty Truck Group Company Limited (SZSE: 000951), CNHTC or Sinotruk Group is a truck manufacturing state-owned enterprise headquartered in Jinan, Shandong, People's Republic of China.[1] It is currently the third largest truck manufacturer in Mainland China. It is famous for developing and manufacturing the first heavy duty truck - "Huanghe" (Yellow River in Chinese Language) brand vehicle model JN150 in China.

CNHTC was founded in 1935 by Kuomintang Government of the Republic of China on the basis of Jinan Automobile Works. It started developing heavy-duty trucks in 1956. Since the reform and restructure in 2001, the company has got rid of the operating losses for previous years.

Its Hong Kong-based subsidiary company, Sinotruk (Hong Kong), was listed on the Hong Kong Stock Exchange in 2007.

[2]

With strong operations in South America, in countries such as Venezuela, Colombia, Peru, Chile, Uruguay and Paraguay, Sinotruk came to Brazil due to the union of a group of businessmen with extensive experience in the transportation industry. With a great sales expectations Sinotruk has sold 2,000 vehicles thus far.

With the success seen in the first years of operation of the brand in Brazil, in 2013 Sinotruk to begin deployment of the first plant outside China, which should be installed in Lages, with an initial investment of more than 300 million dollars.

References

  1. ↑ "Introduction CNHTC." China National Heavy Duty Truck Group. Retrieved on July 8, 2010. "The headquarters of China National Heavy Duty Truck Group Co., Ltd. (CNHTC) is located in Jinan city, Shandong Province, P. R. China."
  2. ↑ Profile of China National Heavy Duty Truck Group Company Limited

External links