China National Heavy Duty Truck Group Co., Ltd., CNHTC or Sinotruk Group is a Chinese state-owned truck manufacturer headquartered in Jinan, Shandong province. It is currently the third largest truck manufacturer in Mainland China. It is famous for developing and manufacturing the first heavy duty truck - "Huanghe" (??, lit. Yellow River) JN150 in China.
CNHTC was founded in 1935 by Kuomintang Government of the Republic of China era 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.
Most of the group assets was now listed on the Hong Kong Stock Exchange in 2007, as Hong Kong-incorporated company, Sinotruk (Hong Kong). Another subsidiary (subsidiary of Sinotruk (Hong Kong)), CNHTC Jinan Truck (SZSE: 000951), was listed on the Shenzhen Stock Exchange.
With strong presence 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, Brazil with an initial investment of more than 300 million dollars.
Sinotruk also produces trucks in Pakistan through a joint venture with Dysin Automobiles.
Video China National Heavy Duty Truck Group
References
Maps China National Heavy Duty Truck Group
External links
- Official website
Source of the article : Wikipedia
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