SAIC-IVECO HONGYAN Commercial Vehicle Company is a heavy-duty truck manufacturer, which is a joint venture co-invested by SAIC-IVECO Commercial Vehicle Investment Co., Ltd. and Chongqing Machinery & Electrics Holding (Group).,Ltd. The company is registered in New North Zone of Chongqing city with a registered capital of 1.3 billion yuan. We have already invested over 2 billion yuan in New North Zone to build vehicle production bases with annual production of 80,000 vehicles, and we are continuously engaged in building Shuangqiao production base for key parts including special Hongyan axles, ZF steering devices and others, so as to be one of the influential heavy truck manufacture bases in China.  On September 18, 2006, in the witness of the prime ministers of China and Italy, the shareholders formally signed Heavy Truck Strategic Cooperation Agreement between SAIC-IVECO Commercial Vehicle Investment Co., Ltd. and Chongqing Heavy Vehicle Group Co.,Ltd. On June 15, 2007, SAIC-IVECO Commercial Vehicle Co., Ltd. was officially founded, which opened a new chapter in the development of the joint venture. The company currently has a staff of over 4000 people including over 1100 technicians among which there are over 180 senior engineers and 6 national automobile experts with 15 departments and two manufacture bases and a technology center. By introducing internationally advanced and competitive Iveco prototype vehicle technology, and in accordance with the national industry policy, the joint venture company develops Iveco high-end vehicles to meet high-end market demands. Adopting permitted Iveco technology and utilizing the current platform, the company develops a variety of “Hongyan” heavy trucks with advanced technology, practical usage, safe quality and low cost, to meet the middle-end market demands. Based on the current platform and combining advanced Iveco technology, the company continuously improves its independent Hongyan products, and now the emissions reach National Standard 4 or higher, far ahead of other domestic heavy trucks. All these make the whole product system reach the first level at home and the international leading level abroad. Adhering to the value “ to be perseverant, human-oriented, excellent and dedicated”, the company has endeavoured three to five years to achieve the goal that the main business income of vehicle and key vehicle parts exceeds over 25 billion yuan. Our goal is to build the company into a domestic leading and international first-class heavy truck model enterprise with good social image and win-win situation between the enterprise and its stuff, and finally, to realize the enterprise vision "to be a successful model enterprise in the commercial vehicle field".

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