Volvo or teamed up with Dongfeng

As one of the world's largest producers of trucks, buses and construction equipment, the Volvo Group's every year with net sales of approximately 20 billion euros is particularly eye-catching. The reporter learned yesterday that the Volvo Group purchased 13% of Nissan Diesel from Nissan Motor Co. at a price of 1.5 billion SEK, and for the first time offered to cooperate with Dongfeng Motor. It is worth noting that the news of the breakdown of China National Heavy Duty Truck cooperation has a new argument. The Volvo Group stated that the two parties only made minor adjustments in their production scale. The direction and strategy of this international giant’s investment in China are again confusing.

Nissan Diesel and Dongfeng Cooperation

It is reported that Volvo Group purchases 40 million ordinary shares of Nissan Diesel from Nissan Motors at a price of 1.5 billion Swedish kronor, equivalent to 13% of shares, and has the right to acquire the remaining 6% of shares within 4 years.

Volvo emphasized that since Nissan Motors also owns 50% of Dongfeng Motor, Volvo can cooperate with Dongfeng Motor to discuss the issue. Jiang Yong, public relations and brand director of Volvo Group's Asia-Pacific market, told reporters that China is a strategic market for the Volvo Group and will inevitably increase investment. Dongfeng Motor produced 170,000 trucks in 2005 and is a very good partner. However, because China’s auto industry policy can only have two joint ventures in China and a 50% maximum shareholding in China, cooperation is not limited to joint ventures, but can be achieved by jointly strengthening dealer networks and other forms of capital injection. .

Huawo monthly sales only 100 units

In an interview with reporters, Jiang Hao said that Volvo Group's Volvo Trucks' cooperation with China National Heavy Duty Truck has not been completely broken as it was at the end of last year. The reporter stated that at that time he received a written letter from Volvo, formally declaring the end of cooperation with Sinotruk and FAW, Jiang Yan pointed out that this measure should mean that the truck company would mean the wrong group. ""

It is understood that Volvo, China National Heavy Duty Truck and FAW co-produced engine project monthly sales of only 100 units. China National Heavy Duty Truck Co., Ltd. said that the engine project had been discontinued in the middle of last year, but it was formally announced only six months later.

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