is the parent company of Sinotruk (Hong Kong) Limited, a heavy-duty commercial vehicle manufacturer in China.
UQM and CNHTC
plan to form a JV in China to support Sinotruk in the commercial vehicle electrification market along with supply to other Chinese customers
He disclosed that CNHTC
had an intention to set up a plant in Taiwan, but he declined to reveal further details.
Further, the company's funding requirement is contingent on the closing of the Second Stage Investment with CNHTC
, as per the terms of the Stock Purchase Agreement signed by both parties on 25 August 2017.
WABCO has already been supplying products to CNHTC
Through establishing an engine plant in China, we will be able to supply our own business areas in China with competitive engines while at the same time through the cooperation with CNHTC
and FAW gain favourable volumes and major economies of scale," said Leif Johansson, CEO of Volvo.
is a major Chinese manufacturer of heavy duty trucks and the parent company of Sinotruk.
M2 EQUITYBITES-December 2, 2013-Cargotec, CNHTC
set up JV in China
Wei Zhihai, vice president of CNHTC
said that Cargotec was the perfect partner for the joint development of a new truck crane range for Chinese customers given its vast experience in technical innovation.
STOCKHOLM -- The Chinese authorities have approved an agreement according to which Sinotruk (BVI) Limited, a wholly owned subsidiary of China National Heavy Duty Truck Group Corporation (CNHTC
), and CNHTC
will purchase all of the Volvo Group's equity interest in Jinan Huawo Truck Corporation (Joint Venture).
The Volvo Group (STO:VOLVA)(STO:VOLVB), Sinotruck (BVI) Limited and China National Heavy Duty Truck Group Corporation (CNHTC
) have signed an agreement whereby Sinotruck (BVI) Limited, a wholly owned subsidiary of China National Heavy Duty Truck Group Corporation, and CNHTC
agrees to purchase all of Volvo Group's equity interest in Jinan Huawo Truck Corporation (Joint Venture), in which Volvo Group currently holds a 50-percent equity interest.
is buying out Volvo Group's stake in the JV through its fully-owned unit Sinotruk (BVI) Limited.