SAIC Commercial Vehicles are expected to sell 500,000 vehicles in 2011

Speaking of the weakness of SAIC, the largest auto group in China, commercial vehicles are one of them. According to statistics released by Shanghai Automotive, the annual sales volume of commercial vehicles in 2010 accounted for less than 4.2% of the total vehicle sales, which is far lower than that of Dongfeng Motor, Changan Automobile and FAW Group, both of which belong to the “Big Four” auto group. Compared with FAW and Dongfeng, SAIC's commercial vehicle business is indeed a bit weak. Apart from Nanjing Iveco, which was acquired from Nanjing Automobile, and SAIC Hongyan Iveco, which was acquired from Chongqing Hongyan Automobile, SAIC Motor’s commercial vehicle resources are in the hands of SAIC Motor. It is too little.

The long-planned SAIC Motors has once again made a move. The method is almost the same as Roewe and MG, which had previously built passenger car brands: After the acquisition, they took the international route. On February 28th, SAIC's international commercial vehicle brand, MAXUS Chase, was officially released in Shanghai. With the launch button of Chairman Hu Maoyuan, MAXUS Chase has opened a new milestone.

Xiao Guopu, vice president of SAIC Motor, head of commercial vehicles, said in an interview that during the “12th Five-Year Plan” period, SAIC Commercial Vehicles plans to achieve sales of 400,000 to 500,000 vehicles, of which light trucks and heavy trucks are planned to sell 300,000 to 400,000 vehicles respectively. Wuxi Base plans to sell 80,000 to 100,000 vehicles. At the production base of Chase, Wuxi will build a factory that will produce 50,000 (three) shifts of wide-body and narrow-body passenger cars annually. The total investment of the project is about 1.178 billion yuan, of which fixed assets investment is 838 million yuan and project capital is 419 million yuan. SAIC Commercial Vehicles plans to sell 500,000 vehicles, which is equivalent to 3 times the sales of commercial vehicles by SAIC last year (including Nanjing Iveco, SAIC Hongyan Iveco, Huizhong, and Sunwin Buses).

Lan Qingsong, general manager of Shanghai Automotive Commercial Vehicles Division, believes that, according to European practice, the commercial vehicle market will also enter a high growth rate after the high-speed growth of the passenger vehicle market for 10 years. The Chinese car market was blown out in 2002. According to this law, China's commercial vehicle market will have a bright future next year. According to relevant data, in 2010, the sales volume of the commercial vehicle market in China exceeded 4.3 million vehicles, a year-on-year increase of 30%, ranking in the world’s largest automotive market for many years in a row.