Modern Commercial Vehicle Project Settled in Ziyang


Recently, the National Development and Reform Commission formally approved the joint venture between Sichuan Nanjun Automobile Group Co., Ltd. and South Korea’s Hyundai Auto Co., Ltd. to produce commercial vehicles and engines, and agreed to establish joint venture companies in Ziyang City, Sichuan Province to produce commercial passenger cars, trucks and engines.

It is reported that the project has a total investment of 5.4 billion yuan, of which the construction investment is 3.6 billion yuan, and the R&D center investment is 500 million yuan. According to the agreement, the joint venture company will use both commercial vehicle technologies and core resources to jointly build a world-class commercial vehicle base that is globally competitive, and strives to realize the production and sales of 200,000 modern-brand commercial vehicles in 2013, and will produce and sell 400,000 vehicles in 2017. Annual production and sales of 700,000 vehicles.


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