China Genting Holding Group Co., Ltd. (hereinafter referred to as Genting Company) announced that the company will cooperate with Shaanxi Automobile Group to jointly develop and manufacture heavy trucks and open up the East China market, and is scheduled to officially put into production the first batch of heavy trucks in Shui On in November this year. Annual sales income of 4 billion yuan can be realized during the year.
The company formed by Genting and Shaanxi Automobile Group was Shaanxi Automotive Group Genting Automobile Co., Ltd. The two parties agreed that the new company will be controlled by Shaanxi Auto, taking shares in the form of brand, technology, after-sales service network, cash investment, etc., accounting for 51% of the total investment of the project, and Genting will hold 49% of the shares, mainly producing medium and heavy trucks. Dragon" card.
The total investment of this project is planned to be 860 million yuan, which will be invested in three phases. The first phase invested 260 million yuan, and the remaining two phases each invested 300 million yuan. By 2011, it will reach the goal of producing 15,000 medium-sized cards and 8,000 heavy-duty trucks. The production and sales will reach 4 billion yuan; by the 12th 5-year plan, the company will It will form an annual sales capacity of 50,000 cards and 20,000 heavy trucks, achieving an annual sales income of 10 billion yuan.
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