China National Heavy Duty Truck initially decided to set up a production plant in Taiwan. The cars produced will be exported to Europe and the United States.
Taiwan’s complete supply chain of technology, steel, and auto parts is the reason why CNHTC is willing to build a production plant in Taiwan.
As a leader in the field of heavy vehicles, CNHTC has witnessed remarkable development in recent years. Since 2001, it has been increasing at an average rate of 40% every year. In 2008, under the global economic crisis environment, annual sales of heavy trucks exceeded 112,000 units, which still maintained a high growth rate of 15%. In the first 7 months of this year, with a 20% drop in the industry, CNHTC completed sales of 77,655 vehicles, a year-on-year increase of 2.31%, an industrial added value of 3.232 billion yuan, and a market share of 24%, ranking first in the industry. .
In addition to occupying an important position in the domestic market, China National Heavy Duty Truck has never given up its efforts to open up overseas markets in recent years. The export volume of heavy vehicles increased from 48 in 2003 to 16,000 in 2008, more than 300 times in five years, and became the largest exporter of heavy vehicles in China. However, China National Heavy Duty Truck did not stop and lay down in its book of laissez-faire. After cooperating with the German MAN, China National Heavy Duty Truck has placed itself on the stage of global competition.
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