·Chinese(gb) ·English ·ฉบับภาษาไทย ·Tiếng Việt
WAPWeb Accessibility RSS
Home About Liuzhou Government Liuzhou News Live in Liuzhou Travel in Liuzhou Invest in Liuzhou Interact
Current Location:  Home > Liuzhou News > China
SAIC's truck joint venture breaks ground on smart factory
Date:2020-10-16  Source:Xinhua

CHONGQING, Oct. 15 (Xinhua) -- SAIC-Iveco Hongyan Commercial Vehicle Co., Ltd. (SIH), a heavy-duty truck manufacturer, broke ground on a smart factory in southwest China's Chongqing Municipality Wednesday.

The company, founded in 2007, is jointly invested by Chongqing Machinery & Electronics Holding (Group) Co. Ltd. and SAIC-Iveco Commercial Vehicle Investment Co., Ltd., a joint venture of Chinese automaker SAIC Motor and Iveco S.p.A. in Italy.

With an investment of 1.1 billion yuan (about 163 million U.S. dollars), the new plant is located in the city's Liangjiang New Area and is expected to bring up SIH's annual production capacity to 150,000, adding an annual output value of 20 billion yuan after completion.

The new intelligent digital factory will not only improve production efficiency, but also reduce energy consumption and pollution, according to the company.

The factory will also improve the levels of automation, informatization and intelligence through the intelligentized reconstruction of existing workshops and production lines, while realizing the iterative upgrading of products.

Lou Jianping, SIH's general manager, said the company will continue to increase sci-tech, capital and production-capacity input for the quality development of SIH.

The Chongqing-headquartered SIH sold a total of 58,637 heavy-duty trucks in the first three quarters of 2020, up 5.8 percent year on year. Its annual sales volume is expected to surpass 80,000 units, with an annual sales revenue of more than 21 billion yuan. Enditem

   Print   To Top    Close  

Related Articles

China to waive duties on goods sold at import expo
China has become world's largest, fastest-growing IC market
Finnish textile services company expands business in China
China's autonomous agricultural machinery sales surge
China's benchmark power coal price edges up
FAW, Audi to produce electric vehicles in China
China's auto sales continue to see double-digit growth
Grain trade conference to be held in China's Fujian
Economic Watch: China's foreign trade hits record high in Q3 amid pro-growth ...
China's robust post-COVID economic growth contributes to global recovery
Home  │ About Liuzhou  │ Site Map  │ Service and Privacy │ FAQ │ Download Forms   │ Contact Us
Copyright (C) 2006 The People's Government of Liuzhou Municipality,All Rights Reserved
Sponsored by Liuzhou Informational Leading Group Office (The Bureau Of The Information Industry Of Liuzhou)
Prepared by Liuzhou Network Management Centre Address:No. 66, Sanzhong Road, Liuzhou, China
ICP Certificate No.05009280