Textile Giant Heng Tian Group Buys Heavy Truck

Although China's auto market has slowed down in recent two years, the domestic market has slowed down.

The equipment manufacturing giant China Hi-Tech Group Corporation (hereinafter referred to as "Heng Tian Group") is accelerating to enter the automobile market.

In July 25th, Heng Tian Group successfully purchased Holland heavy truck enterprise GINAF with 9 million euros (about 76 million yuan).

This expansion made the plan to enter the auto market further surfaced.

Recently, from Heng Tian Group, the company's Baoding Heng Tian Automobile Investment Co., Ltd. (hereinafter referred to as "Heng Tian Auto") has acquired a modified car factory in Hebei and is expected to complete its asset handover in September.

In addition, Heng Tian automobile will also plan to buy a Henan automobile factory next year and enter the field of vehicle production.

Through multi-party mergers and acquisitions successfully catch up with the "last train" of the group, is intent on the automotive industry to become its textile equipment core business outside the second major business segments.

At present, the country's approval for vehicle production qualification is more and more stringent.

On the day before the GINAF news came out, the Ministry of industry and Commerce of the Ministry of industry and Commerce issued a notice on the establishment of the auto industry exit mechanism on the 24 day, and decided to set up a backward enterprise exit mechanism in the automotive industry.

This means that the "shell resources" that are regarded as rarity at present will be more attractive in the future automobile market, and the group of the group that is catching up with the "last bus" has been growing stronger in recent years through multi-party mergers and acquisitions.

In 2008, Heng Tian group passed.

Huayuan Kay Ma Limited by Share Ltd entered the field of light duty truck and diesel engine manufacturing. After 2010, Heng Tian Group began to accelerate the layout of the auto industry. It bought and reorganized Zhengzhou Hongda Automobile Industry Co., Ltd., Hebei Lida special vehicle company, Hubei new Chu Feng Automobile Limited by Share Ltd and Jiangxi Bai Lu Jia Bus Co., Ltd. in 2011, after holding the Hebei Dadi automobile group (hereinafter referred to as "Dadi car"), Heng Tian Group established Baoding Heng Tian auto Investment Co., Ltd., and formally entered the pickup and SUV field.

Heng Tian Group insiders said that through mergers and acquisitions and resource integration, Heng Tian automobile will become an important platform for the group to enter the automotive field. At present, the company has successfully acquired a modified car factory in Hebei, and the related assets are in the handover.

In the future, the 50 thousand production base of Heng Di auto Dadi Di car, located in Dingxing, Baoding, will mainly be used to produce pickup products, and the SUV production base will be arranged in this modified car factory, when the production capacity of Heng Tian automobile will be increased to 100 thousand.

Next year, Heng Tian Motor will buy a vehicle manufacturing plant in Henan to acquire multi-functional commercial vehicle production base and production qualification. By then, the investment scale of Heng Tian automobile will be up to 1 billion yuan in pickup, SUV and multi-functional commercial vehicles.

In addition, Bai Yonghua, general manager of Heng Tian automobile, said that in addition to vehicle manufacturing, the company's V6 series gasoline engine production projects are also being implemented.

Although the "ambitious" is not too small, but this year, the domestic automobile market not only suffered growth rate decline, in the city's purchase and spread of comprehensive factors such as the role of the comprehensive brand, the independent brand is a big fall, the occupancy rate has fallen again and again.

"The chill of the domestic car market even surpassed that of the 2008 financial crisis."

Bai Yonghua admits that this year's "cold" of the domestic auto market has made the "debut" Heng Tian car a bit unprepared.

In the case of bad environment, Heng Tian car launched the first flagship product in April this year, two cars T1 and T2 launched.

Sales have not been ideal since then.

To this end, this year, Heng Tian Motor has adjusted its target and sales services accordingly.