SAIC Commercial Vehicles Goes into First Camp Target Aiming 500,000 Vehicles
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SAIC's commercial vehicles hope to enter the first camp of domestic commercial vehicles through three to four years of hard work. At the scene of the recent Guangzhou Jieshi heavy truck Guangzhou tasting event, Yang Shuyi, general manager of SAIC Iveco Hongyan Commercial Vehicle Co., Ltd., said in an interview with the newspaper that SAIC’s current commercial vehicle production and sales volume is about 200,000 vehicles. The first camp will require more than 500,000 vehicles, which is equivalent to doubling the number of heavy trucks to over 60,000 and 400,000 light trucks. â€
Yang Shuyi stated that the commercial vehicle defined by SAIC is a general commercial vehicle with the exception of passenger vehicles. At present, Foton and Dongfeng basically occupy the first camp of the domestic commercial vehicle market. “Fukuda's rapid development is also an example for us to learn. We are studying it.â€
In the first seven months of this year, SAIC Motor has sold nearly 1.44 million vehicles, firmly occupying the position of the boss in the domestic automobile group, leading over 400,000 vehicles in the second place of FAW, and a joint venture company of SAIC-GM-Wuling in the three major passenger vehicles. Shanghai Volkswagen and Shanghai General Motors have contributed more than 1.3 million vehicles and approximately 100,000 commercial vehicles. "Although commercial vehicles are not large, SAIC's commercial vehicles and passenger vehicles have the same status," said Yang Shuyi. However, he was also dissatisfied with the performance of Iveco Heavy Trucks in Guangzhou and Guangdong. In the heavy-duty vehicle sector, SAIC-Iveco's strengths are dump trucks, and Guangdong has a larger demand for tractors.
Yang Shuyi’s confidence in SAIC’s commercial vehicles comes from the Chinese commercial vehicle market. "By the impact of the financial crisis, the European commercial vehicle market has suffered serious declines. Our partner Iveco has dropped by 40% in Europe in the first half of the year, while Volvo has dropped by 70%." He said, "China's commercial vehicles are driven by investment. The first seven months still maintained growth."