Following the first three quarters of this year, Guangzhou's sedan production volume jumped to No. 1 nationwide for the first time with 653,000 vehicles. The development of the Guangzhou automobile industry will in turn reveal a new "business card." The "Guangzhou-Japan Industry Investment Exchange Conference" held yesterday in Tokyo, Japan, came from the news that Guangzhou Automobile Group Co., Ltd. and Hino Motors Co., Ltd., in cooperation with each other, are expected to put into production in the middle of 2009, Guangzhou Municipal Government In this regard, this project will drive the construction of China's largest commercial vehicle production base.
Yesterday, the Guangzhou City-Japan Trade and Economic Cooperation Group made a special trip to start the first batch of parts and components of the GAC Hino project in Tokyo, Japan. It is understood that the GAC Hino project was approved by the National Development and Reform Commission on July 30, 2007. GAC Group and Hino Motors each invested 50% to establish a new joint venture, GAC Hino, and it has been selected from the town of Cheong Tau. In terms of product positioning, Guangzhou Automobile Co., Ltd. and Hino is targeting the high-end commercial vehicle market.
GAC Hino is another major investment project of GAC Group after Guangzhou Honda, Guangzhou Toyota and its own-brand passenger car project. It will increase the production capacity of Guangzhou Auto, supplement the vacancies of heavy truck products in Guangzhou and Guangdong, and change Guangzhou City. Even the current pattern of commercial vehicle production in Guangdong Province.
According to an analysis made by relevant persons from the Guangzhou Municipal Government, compared with the current production capacity of cars, the production capacity of commercial vehicles in Guangzhou is lagging behind. Guangzhou hopes to cooperate with internationally renowned partners to vigorously develop commercial vehicle business and further improve the structure of automotive products.
In addition, the convenient and complete high-speed transportation network in the southern region has resulted in a very large amount of transportation in the southern market, which has caused the commercial vehicles required for high-speed transportation such as trucks, tractors and transport vehicles in the southern market to fail to meet market demand. The situation, this market factor has also accelerated the determination of Guangzhou to develop commercial vehicles.
The main business of GAC Group covers passenger cars, commercial vehicles, parts and components, service trade, and automobile insurance. Hino’s main products include trucks, buses, various types of engines and components, and currently exports 2,000 heavy trucks to China each year. Together, the two will help the Guangzhou Automotive Industry to achieve a qualitative leap in the field of commercial vehicles.
In fact, Guangzhou is one of the first cities in China to produce light trucks. As the largest commercial vehicle company in Guangdong, Yangcheng Automobile was founded in 1958 and is one of the first batch of automobile manufacturers with the right to vehicle and chassis production approved by the state. However, because of the backward technology of vehicle models and the historical debt burden, Yangcheng Motor failed to make a difference in the domestic commercial vehicle market. The total truck production in Guangzhou accounts for less than 1% of the national market.
People in the industry believe that the Guangzhou Automobile Co. Hino project will inject a strong driving force into the production of commercial vehicles in Guangzhou, and will also adapt to the strong demand for commercial vehicles in the local market. The GAC Hino components investment promotion event held for the first time in Tokyo, Japan, attracted the attention of nearly one hundred Hino companies.
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