China National Heavy Duty Truck enters light truck market to establish commercial vehicle factory

China National Heavy Duty Truck and Chengdu Trump reached an agreement a few days ago to jointly fund the establishment of "China Heavy Duty Truck Group Chengdu Ace Commercial Vehicles Co., Ltd." (tentative name) in Chengdu, and the development of heavy, medium, light and micro full range of commercial vehicles and that Party B has There are other automotive product businesses. Cai Dong, President of China National Heavy Duty Truck (Hong Kong) Co., Ltd. and Yuan Chengjun, Chairman of Chengdu Trump Card Group Co., Ltd., signed the cooperation agreement. China National Heavy Duty Truck will invest in Chengdu Trump in a manner of “increasing capital and expanding shares”. Sinotruk holds 80% of shares and Chengdu Trump holds 20%. China National Heavy Duty Truck recently invested 1 billion yuan and its long-term investment was 3 billion yuan.