Heavy-duty Truck Co Ltd has invested 480 million yuan (US$61.7 million) to build
a new heavy-duty truck production base in Chongqing, Southwest China.
The construction of the new production base, located in Chongqing Jiulong
Industrial Park, will kick off soon. The new company for this base, recently
re-registered as Chongqing North-Benz Vehicle Co Ltd, was reshuffled based on
the former Chongqing Tiema Heavy-duty Vehicle Co Ltd.
Chongqing Tiema has been fully integrated into North Benz's sales network and
spare parts service network and has strengthened the company's competitive edge
since it was regrouped as a subsidiary of North-Benz two years ago. The Tiema
heavy-duty truck has achieved an annual output and sales volume of 1,700 units,
more than double the previous figure. The company's annual sales revenue has
topped 500 million yuan (US$64.3 million).
The full text is available in the January Issue of AutoChina.
(For more biz stories, please visit Industry Updates)