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The Guangzhou Automobile Group, which has gained a lot of passenger cars, has reached the field of commercial vehicles. Yesterday, Shanghai Securities News learned that GAC Hino Motors is operating at a faster speed and will be officially put into production in 2009.
GAC Hino is a joint venture between GAC Group and Hino Motor Co., Ltd. It is also an important piece of GAC Group's commercial vehicle field. Once the joint venture company develops smoothly, GAC Group will become a full-fledged auto group in the true sense of the word, changing the short leg of the commercial leg and the status quo of the passenger leg length. This move is also the first case in which GAC Group has taken its first step in Guangzhou and its production base to the country.
Yesterday, the Hino Motors announced that its truck joint venture to be built by GAC Group, a partner of Toyota Motor in China, will be put into production in 2009.
Hino Motors spokesman Toru Matsui said: Hino and Guangzhou Automobile Group will invest 500 million yuan (about 68 million US dollars) to build a truck joint venture factory. The joint venture will have a capacity of 3,000 heavy trucks and 5,000 light trucks in the future. A related person of GAC Group stated that: On the 24th, GAC Group and related companies will formally announce the proportion of shareholders of GAC Hino and their future development. Shanghai Securities News learned that there are two joint venture production bases in the future, Guangzhou Conghua and Shenyang.
On November 29 this year, the National Development and Reform Commission announced on its website the approval of the Guangzhou Automobile Commercial Vehicle Project.
It is reported that GAC Hino Motor Co., Ltd. has a joint venture period of 30 years, adding a total investment of 31.2351 billion yuan and a registered capital of 1 billion yuan to 1.5 billion yuan. Among them, the reorganization of the Yangcheng Company and the relocation of new construction projects will increase investment by about 2.4 billion yuan, GAC Group and Hino Motors will each contribute 50%, and the balance of about 1.4 billion will be loaned to banks. As for the Shenyang base, it is still at the seat of Shenfei Hino Automobile Manufacturing Co., Ltd.
After the NDRC approved the Guangzhou Automobile Co., Ltd. joint venture project, GAC Group began to prepare for non-stop production. In October this year, the Guangzhou Automobile Co., Ltd. and Hino Motor Co., Ltd. officially started construction in a new factory area of ​​nearly 1,600 acres in Shantou Town, Conghua City, Guangzhou. The Guangqi Hino Company is not satisfied with only the production base, and will enhance the ability to adapt to the development and matching development capabilities of the engine, chassis parts, body accessories and the vehicle.
People close to the Guangzhou Automobile Group pointed out: "Guangzhou Yangcheng Company has been established for so many years and its development is slow. Its annual sales volume is between 5,000 and 6,000 vehicles, and it is unable to meet the concept of GAC Group wanting to be a full-range automobile group. Slow development of commercial vehicles has become a director of GAC Group. Zhang Changfang had a heart disease."
It is an important symbol for GAC's commercial vehicle transformation to make huge investments, join hands with Hino Motors, and send troops to Shenyang. Success or failure requires market verification.