China National Heavy Duty Truck Group Co., Ltd., CNHTC or Sinotruk Group is a Chinese
state-owned
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownersh ...
truck manufacturer
A truck or lorry is a motor vehicle designed to transport cargo, carry specialized payloads, or perform other utilitarian work. Trucks vary greatly in size, power, and configuration, but the vast majority feature body-on-frame construction ...
headquartered in
Jinan
Jinan (), Postal Map Romanization, alternately romanization of Chinese, romanized as Tsinan, is the Capital (political), capital of Shandong province in East China, Eastern China. With a population of 9.2 million, it is the second-largest city i ...
,
Shandong
Shandong ( , ; ; alternately romanized as Shantung) is a coastal province of the People's Republic of China and is part of the East China region.
Shandong has played a major role in Chinese history since the beginning of Chinese civilizati ...
province. It is currently the third largest truck manufacturer in
Mainland China
"Mainland China" is a geopolitical term defined as the territory governed by the People's Republic of China (including islands like Hainan or Chongming), excluding dependent territories of the PRC, and other territories within Greater China. ...
. It is known for developing and manufacturing China's first heavy duty truck - "Huanghe" (黄河, lit. ''
Yellow River
The Yellow River or Huang He (Chinese: , Standard Beijing Mandarin, Mandarin: ''Huáng hé'' ) is the second-longest river in China, after the Yangtze River, and the List of rivers by length, sixth-longest river system in the world at th ...
'') JN150.
History
CNHTC was founded in 1935 by
Kuomintang
The Kuomintang (KMT), also referred to as the Guomindang (GMD), the Nationalist Party of China (NPC) or the Chinese Nationalist Party (CNP), is a major political party in the Republic of China, initially on the Chinese mainland and in Tai ...
Government of the
Republic of China
Taiwan, officially the Republic of China (ROC), is a country in East Asia, at the junction of the East and South China Seas in the northwestern Pacific Ocean, with the People's Republic of China (PRC) to the northwest, Japan to the northeast ...
era on the basis of Jinan Automobile Works. It started developing heavy-duty trucks in 1956, with its first truck modeled after Skoda 706RT. In 1984, Jinan Automobile Works began to produce
Steyr 91 with technology imported from
Steyr-Daimler-Puch
Steyr-Daimler-Puch () was a large manufacturing conglomerate based in Steyr, Austria, which was broken up in stages between 1987 and 2001. The component parts and operations continued to exist under separate ownership and new names.
History
T ...
. Since the reform and restructure in 2001, the company has got rid of the operating losses for previous years.
Most of the group assets was now listed on the
Stock Exchange of Hong Kong
The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is repo ...
in 2007, as a
Hong Kong
Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...
-incorporated company,
Sinotruk (Hong Kong)
Sinotruk (Hong Kong) Limited is a Hong Kong truck manufacturer incorporated in 2007. The subsidiaries of Sinotruk (Hong Kong) manufactures trucks in Mainland China. Its parent company, China National Heavy Duty Truck Group ( Sinotruk Group or CNHT ...
. Another subsidiary (subsidiary of Sinotruk (Hong Kong)),
Sinotruk Jinan Truck Sinotruk may refer to:
*China National Heavy Duty Truck Group: or Sinotruk Group, a state-owned truck manufacturing enterprise in China
*Sinotruk (Hong Kong)
Sinotruk (Hong Kong) Limited is a Hong Kong truck manufacturer incorporated in 2007. The ...
(SZSE:000951), was listed on the
Shenzhen Stock Exchange
The Shenzhen Stock Exchange (SZSE; ) is a stock exchange based in the city of Shenzhen, in the People's Republic of China. It is one of three stock exchanges operating independently in Mainland China, the others being the Beijing Stock Excha ...
.
Sinotruk sells trucks in various South American countries. They came to Brazil in response to a group of businessmen with experience in the transportation industry. Sinotruk has sold 2,000 vehicles thus far. Sinotruk began building their first plant outside China in 2013 with an initial investment of more than 300 million dollars. Its location will be in
Lages
Lages is a Brazilian municipality located in the central part of the state of Santa Catarina, in the region known in Portuguese as "Planalto Serrano".
It is located in the mountain region of the state and is the largest municipality of it. It ...
, Brazil.
Sinotruk also produces trucks in
Pakistan
Pakistan ( ur, ), officially the Islamic Republic of Pakistan ( ur, , label=none), is a country in South Asia. It is the world's List of countries and dependencies by population, fifth-most populous country, with a population of almost 24 ...
through a joint venture with Dysin Automobiles.
They are also active in the Philippines as well since 2011 through dealership, selling light and heavy trucks.
In October 2019,
Shandong Heavy Industry
Shandong Heavy Industry Group Co., Ltd. is a Chinese state-owned Multinational corporation, multinational heavy machinery and automotive manufacturing company headquartered in Jinan, Shandong.
Shandong Heavy Industry has four listed companies: Wei ...
became the controlling shareholder of "China National Heavy Duty Truck Group", acquiring a 45% stake.
References
External links
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{{authority control
Truck manufacturers of China
Government-owned companies of China
Companies based in Jinan
Vehicle manufacturing companies established in 1935
Chinese brands
Chinese companies established in 1935