China National Heavy Duty Truck: plans to invest in the construction of a smart network connected new energy heavy truck project

On December 24, 2019, according to the announcement of Sinotruk, in order to actively respond to the national and Shandong provincial government's call to vigorously develop a low-carbon and environmentally friendly new energy automobile industry and accelerate the conversion of old and new kinetic energy, the company plans to invest in the construction of an intelligent network in Laiwu District, Jinan City. United (new energy) heavy truck project (referred to as "smart heavy truck project") howo truck parts.
The announcement shows that the smart heavy truck project is located in Shandong Heavy Industry (Jinan Laiwu) Green Manufacturing Industry City, Laiwu District, Jinan City. The company's existing heavy truck capacity project will be relocated, adopting the principle of "overall planning and phased implementation" and is planned to be completed in three phases. , One of which is expected to be commissioned in 2021.
The announcement revealed that after the implementation of the smart heavy truck sinotruk parts project, it will ease the environmental pressure and transportation and storage pressure faced by the company, improve the product quality assurance capability of the production line, meet the company's capacity requirements for intelligent connected cars and new energy vehicles, and improve the informationization and flexibility of the production line. Level of automation, automation, and intelligence to improve energysinotruck howo engine parts efficiency in vehicle products and processes, improve employee working and living environments, and reduce labor intensity.

Regarding project investment and income, Sinotruk stated that the project intends to add 6.114 billion yuan in fixed asset investment howo engine parts, of which 3 billion yuan is planned to be added in the first phase of the project. After the project is completed, it is expected Sinotruck engine to reach an annual sales income of 57.75 Billion yuan, annual profit of 2.239 billion yuan, annual state tax, sales tax surcharge and income tax of 1.639 billion yuan.

Sinotruk also stated that the construction of the project will have a significant impact on the local society and economy, which will enrich the region's auto market, attract more auto parts manufacturers to enter, and increase the competitiveness of the regional auto industry. Contribute to the national strategy of new energy vehicle industry development sinotruk howo parts , energy conservation and emission reduction, environmental protection, industrial structure adjustment and upgrading, and sustainable development.

Previously, Jinan City and Shandong Heavy Industry Group signed an agreement on strategic cooperation and the construction of Shandong Heavy Industry (Jinan Laiwu) Green Intelligent Manufacturing City project on the 11th of this month. According to reports, the total investment of the Industrial City project is about 153.5 billion yuan, and it will focus on the introduction of smart network  howo heavy truck parts connected (new energy) heavy truck projects, smart forklift projects, intelligent network connected test field projects, and the introduction of a series of high-end supporting enterprises. , Upgrade high-end manufacturing, build a world-class industrial new city.

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