Jiangling Motors Corporation and Japan’s Isuzu Motors Corporation signed a signing ceremony for a joint venture contract for the entire vehicle and engine at Binjiang Hotel, which fully opened up a new round of cooperation between the two parties. The total investment in the signed contractual joint venture vehicle project is 1.39 billion yuan, and the planned production capacity is 100,000; the total investment in the engine joint venture project is 1.563 billion yuan, and the planned production capacity is 200,000 units. After the completion of the joint venture of the vehicle and engine project, it is expected to increase sales revenue by 17 billion yuan.
Secretary of the Provincial Party Committee Su Rong, Provincial Party Standing Committee, Executive Vice Governor Ling Chengxing, Provincial Party Committee Standing Committee, Secretary of the Provincial Party Committee Zhao Zhiyong, Provincial Party Standing Committee, Secretary of the Nanchang Municipal Party Committee Wang Wentao, Japanese Isuzu Director and Deputy President Yue Gangliang attended the signing ceremony. Witness signing together.
Jiangling Group and Japan’s Isuzu Motor Company have deep roots in cooperation. In 1984, Jiangxi Automobile Group, the predecessor of Jiangling Group, took the lead in the introduction of Japanese Isuzu technology in China and began production of Isuzu light truck products. In 1993, Jiangling Group launched a pickup product that also came from Isuzu technology, which greatly enriched the company's product line. In order to further strengthen cooperation with Isuzu Corporation and better meet the needs of the Chinese market, in April 1993, the original Jiangxi Automobile Manufacturing Plant established a joint venture with Japan’s Isuzu Motor Company and ITOCHU Corporation. Jiangling Group has rapidly grown into a leader in the field of commercial vehicles in China through cooperation with multinational corporations such as Isuzu Corporation. As of the end of 2011, Jiangling Group sold more than 1.3 million commercial vehicles of various types.
After careful and meticulous negotiations between the two parties, Jiangling Group and Isuzu formed a broad consensus on the joint venture between the vehicle and the engine. The two sides agreed to cooperate on the basis of the original cooperation and introduce the new generation of Japanese Isuzu vehicle and engine project in Nanchang to jointly participate in the Chinese automobile industry. High-level competition in the market.
It is reported that Jiangling Group has implemented the requirements of the Provincial Party Committee, the Provincial Government and the Nanchang Municipal Party Committee and the Municipal Government to build a one-hundred-hundred-hundred-hundred-hundred-hundred-tillion-dollar industry. In addition to solidly promoting cooperation projects with Isuzu Corporation, it has also started and completed the completion of other vehicles at the same time this year. The project's major cooperation. After these completed vehicle projects have been successfully completed and the production target has been achieved, Jiangling Motors will achieve an annual vehicle production capacity of 950,000 units, not only leading the domestic commercial vehicle sector, but also occupying a leading position in the world of commercial vehicles.
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