Tan Xuguang, the head of Weichai Power, has recently been unable to maintain peace. First of all, Shaanxi Zhongqi seeks independence, and now it is the old rival of China National Heavy Duty Truck Group Chairman Ma Chun-chi's sudden attack, all this has made his dream of "heavy truck gold industrial chain" face a risk of fracture.
Recently, with the cooperation incident between Sinotruk and Man, the two giants of heavy trucks in Shandong Province have spread. The war between China National Heavy Duty Truck and Weichai Power to compete for industrial resources and industrial chain has been fully launched, and Tan Xuguang is here. Obviously, the field war is slightly inferior.
Mann's company in hand with China National Heavy Duty Truck
The cooperation with the world's third-largest truck company, the German Man Company (referred to as Man Corporation), officially started on October 7th, which made the executives of CNHTC Group very excited.
Prior to this, MAN has successively negotiated with technology partners Shaanxi Automobile Group and Weichai Power for several years. Due to the disagreements between Shaanqi and Shaanxi Automobile's Weichai Power, the negotiations have been inconclusive. Eventually prompted the company to turn to China National Heavy Duty Truck. Due to the principle of exclusivity agreed upon by both parties, the previous technical cooperation between MAN and Shaanxi Automobile Group will be terminated.
“The engine of Sinotruk cannot reach the noise standard of 80dB in Europe no matter how it is packaged.†Cai Dong, President of China National Heavy Duty Truck (Hong Kong) Co., Ltd., told this reporter: “In the country, based on the Steyr Euro II upgrade, The engine, although redeveloped by the European technology company, can meet Euro III or Euro IV emission standards, but it is not the latest product platform after all."
Obviously, this time Man Corporation became the rescuer of China National Heavy Duty Truck.
"Mann will award China National Heavy-Duty Truck a related T80 truck, D08, D20, and D26 engines that meet Euro III, Euro IV, and Euro V emissions standards." Cai Dong said in an interview with reporters. In his view, this means that the problem of engine upgrading that plagues China Heavy Duty Truck will be solved. The heavy truck industry leader who already holds a 22.5% share in China's heavy truck market hopes to prove his ambition to shape the heavy truck gold industrial chain. Cai Dong also said that the two sides will cooperate in the production and sales of technology-based "technical upgrading" trucks, the new car will be listed at the latest next year.
According to the announcement issued by China National Heavy Duty Truck on October 7, 2009, the joint venture between Sinotruk and Mantech has been approved by relevant ministries and commissioned and formally completed. According to the agreement, under the condition that China National Heavy Duty Truck Group Co., Ltd. (SHTG) will maintain its 51% controlling interest in CNHTC, Mann will purchase the company’s convertible bonds and purchase shares of the company’s issued shares from CNHTC. Obtained 25% plus one share of China National Heavy Duty Truck (Hong Kong) Co., Ltd., involving 560 million euros in capital. After the completion of the transaction, the two parties will cooperate in the production and quality control, sales and after-sales service of the "technical upgrading" trucks and the Euro III, Euro IV and Euro V engines.
"China National Heavy Duty Truck and Man Corporation's cooperation seems to be common, but its behind it contains intriguing implications, and even enough to affect the changes in China's heavy truck market." In the eyes of people in the industry, the first concern should be Tan Xuguang's nerve.
Breaking Weichai Technical Support
In the opinion of China National Heavy Duty Trucker, in the “fighting battle†of bright or dark “heavy trucks†for several years, Ma Chunji of China National Heavy Duty Truck Group is obviously better than Tan Xuguang of Weichai Power.
"Weichai does not understand the vehicle technology and understands the engine. How do we control others? In practice, integrating Weichai in the middle of the industry is a passive water issue. It is difficult to control. This is where Tan Xuguang is very deadly." An analyst thinks.
On July 9th, Weichai and Bosch, the world's largest parts and components company, signed a new round of strategic cooperation agreement in Beijing. Weichai said that the new round of cooperation agreements "will enable the two sides to establish a more solid long-term strategic and cooperative relationship on the basis of close cooperation in the early stages, which will greatly enhance the competitiveness of both parties in their respective fields."
However, this did not alleviate much of the trouble for Tan Xuguang. In the new partnership, Weichai and Bosch will no longer be exclusively cooperative. In addition to Weichai, Bosch will also have the freedom to choose other partners. Cai Dong told this reporter that on the day after Weichai and Bosch signed an agreement on July 9, Bosch executives visited China National Heavy Duty Truck to discuss cooperation between the two sides.
"He told me that Bosch is now free, and he hopes to further cooperate with us." Cai Dong said. Before that, it was precisely because of the exclusive agreement between Weichai and Bosch that CNHTC could not obtain the high-pressure common-rail engine technology that met the national III emission standards before introducing the EGR engine as a transition.
Previously, the core competitiveness of Weichai Power has always been its "heavy truck gold industrial chain". However, under the support of the Shaanxi Provincial Government, Shaanxi Heavy Duty Truck is trying to get rid of Tan Xuguang's control and seek "independence". This has given rise to " The heavy truck gold industry chain is facing the danger of fracture. This time, China National Heavy Duty Truck Co., Ltd. lost halfway and cooperated fully with Man Corporation, forming a drastic salary trend for Weichai Power and cutting off the most important technology source of Shaanxi Zhongqi.
This series of events seems to be unfavorable to Tan Xuguang.
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