SAIC Iveco Hongyan Commercial Vehicle Co., Ltd. is a Chinese joint venture headquartered in Chongqing, China and owned by SAIC (as a majority holder), the Chongqing city and Iveco. SAIC Iveco Hongyan was established in January 2003 as Chongqing Hongyan and traces its origins back to a Chinese manufacturer established in 1965. The company is focused on producing Iveco-based heavy trucks which are mostly marketed under the Hongyan marque.
On 1 October 1965, the Chinese government started building an assembly plant for military vehicles in Chongqing, the Sichuan Automotive Manufacturing Plant. The plant began production in 1966, initially assembling Hongyan-badged military vehicles based on Berliet technology. In the 1980s, the plant used Steyr technology for heavy-duty trucks and entered into the civilian market. The plant launched new products and diversified its heavy truck offer during the 1990s,[3] increasing exports to foreign markets.[4]
The Sichuan plant was part of CNHTC until 2001, when financial difficulties forced CNHTC to divest it.[5] In December 2002,[6] Xiang Torch, a publicly-traded company involved in the automotive industry,[7] and state-owned Chongqing Heavy Vehicle Group formed the Chongqing Hongyan company as a joint venture based on the Chongqing plant.[6] The official establishment was in January 2003.[7] Xiang Torch owned 51%, its parent Delong 4% and the rest was owned by Chongqing Heavy Vehicle Group. Following Delong's stock collapse, Xiang Torch purchased its parent's stake. In December 2003, Xiang Torch signed a cooperation agreement with the Italian company Iveco, and Iveco and Chongqing Hongyan jointly developed and produced high-end heavy-duty vehicles. In 2005, Delong, the major shareholder of Xiang Torch, was broken. At this point, the Chongqing Municipal State-owned Assets Supervision and Administration Commission (ultimate owner of Chongqing Heavy Vehicle Group) forced out Xiang Torch and started the restructuring of Chongqing Hongyan.[6]
In December 2005, SAIC, Iveco and Chongqing Hongyan signed the "Joint Venture Cooperation Framework Agreement" in Chongqing, officially kicking off the joint venture cooperation. Iveco ended another Chinese joint venture, Changzhou Iveco, to avoid Chinese restrictions over more than two joint ventures producing the same type of vehicle, as it was already operating a joint venture with Nanjing Auto. In June 2006, the three parties signed a memorandum of understanding on the joint venture. In July 2006, Iveco announced that it had reached a joint venture agreement with SAIC to establish the equally-owned SAIC Iveco Commercial Vehicle Investment Co., Ltd. (SAIC Iveco). In August 2006, SAIC Iveco was officially approved by the Ministry of Commerce. On 18 September 2006, SAIC, Chongqing Heavy Vehicle Group and Iveco Commercial Vehicle Investment signed a strategic cooperation agreement at the Great Hall of the People in Beijing. In mid-October, the SAIC Iveco Hongyan company was finally operational and got the final government approvals in May 2007.[6] The official establishment date for the joint venture was on 5 June 2007.[3] SAIC Iveco held a 67% stake and Chongqing Heavy Vehicle Group a 33% stake. SAIC Iveco Hongyan began the construction of a new plant[6] and its first product, the Genlyon heavy truck, was launched in 2009.[8] A second truck, the Kingkan, was launched in 2011[9][10] and a third, the Gentruck, in 2015.[11][12] A medium-duty truck, the Genpaw, was introduced in 2018.[13]
A Hongyan Genlyon truck, pictured in 2018
In December 2016, it was announced that SAIC Iveco would reduce its stake in the venture to 12.08% while SAIC would hold a direct 53.92% stake and Chongqing Heavy Vehicle Group's parent a 34℅.[14] In 2018, SAIC acquired a further 3.04% from SAIC Iveco.[2]
Operations and products
SAIC Iveco Hongyan facilities are in the Liangjiang New District of Chongqing. The manufacturing plant, which has the capacity to assemble up to 80,000 vehicles per year, is modeled after Iveco's Madrid plant. SAIC Iveco Hongyan Axle Co., Ltd. is a wholly owned subsidiary able to produce up to 300,000 axles per year. SAIC Iveco Hongyan produces medium-heavy trucks ranging between 160 and 560 metric horsepower for highway logistics and engineering, construction and special-purpose heavy vehicles. In China, the company markets its products under the Hongyan marque while that for export markets it uses both the Hongyan and Iveco marques.[15] As of 2019[update], trucks produced by SAIC Iveco Hongyan include the Genlyon (based on the Iveco Stralis AS),[16] the Kingkan,[17] the Genpaw[18] and the Gentruck.[19]
References
^"专访上汽依维柯红岩有限公司总经理楼建平" [Interview with Lou Jianping, General Manager of SAIC Iveco Hongyan Co., Ltd.]. 12gang.com (in Chinese). 19 April 2017. Retrieved 29 January 2019.
^ ab"SAIC Motor Corporation Limited. Annual Report 2018" (PDF). SAIC. pp. 17, 198. Retrieved 22 July 2019.
^ ab"红岩重卡承载品牌40年" [Hongyan heavy trucks have sported the marque for forty years]. 360che.com (in Chinese). 21 September 2011. Retrieved 26 January 2019.
^"Initiating the historic transition from a planned to a market economy". Beijing Review. Beijing. 38: 32. 1993. ISSN 1000-9140.
^Harborn, Mats; Xu, Tommy (2014). "The commercial vehicle industry in China: Scania being part of it". In Ebel, Bernhard; Hofer, Markus B. (eds.). Automotive Management: Strategie und Marketing in der Automobilwirtschaft. Springer-Verlag. p. 140. ISBN9783642340680.
^ abcdeYan, Ming (20 June 2007). "上汽依维柯红岩商用车：一曲大江去" [SAIC Iveco Hongyan Commercial Vehicle: going to the big river]. auto.sohu.com (in Chinese). Retrieved 26 January 2019.
^ abZhu, Zhongqi (18 January 2005). "筑湘火炬彻底告别重庆红岩" [Xiang Torch bids farewell to Chongqing Hongyan]. finance.sina.com.cn (in Chinese). Retrieved 26 January 2019.
^"SAIC-Iveco JV Launches Genlyon Heavy Truck for Chinese Market". chinatrucks.com. 23 March 2009. Retrieved 30 January 2019.
^"SIH Kingkan set new post for heavy dumpers". chinatrucks.com. 27 October 2011. Retrieved 31 January 2019.
^"Iveco's Joint Venture in China stellt ein neues Produkt vor: Kingkan" [Iveco's joint venture in China introduces a new product: Kingkan]. Kranmagazin (in German). 27 October 2011. Retrieved 31 January 2019.
^"SIH Jie Series Trucks Compete for Medium Logistics Transport Markets". chinatrucks.com. 17 June 2015. Retrieved 31 January 2019.
^"Historical romance". SAIC Iveco Hongyan. Retrieved 31 January 2019.
^"Product presentation". chinatrucks.com. Retrieved 31 January 2019.
^"Iveco and SAIC Restructure their Joint Ventures in China" (Press release). CNH Industrial. 16 December 2016. Retrieved 30 January 2019 – via PR Newswire.
^"企业巡礼丨上汽依维柯红岩商用车有限公司" [Enterprise Tour. SAIC Iveco Hongyan Commercial Vehicle Co., Ltd.]. xuehua.us (in Chinese). 22 November 2018. Retrieved 30 January 2019.
^"Genlyon". SAIC Iveco Hongyan. Retrieved 30 January 2019.
^"Kingkan". SAIC Iveco Hongyan. Retrieved 30 January 2019.
^"Genpaw". SAIC Iveco Hongyan. Retrieved 30 January 2019.
^"Gentruck". SAIC Iveco Hongyan. Retrieved 30 January 2019.
External links
Official website
January 26, 2023
saic, iveco, hongyan, commercial, vehicle, chinese, joint, venture, headquartered, chongqing, china, owned, saic, majority, holder, chongqing, city, iveco, established, january, 2003, chongqing, hongyan, traces, origins, back, chinese, manufacturer, establishe. SAIC Iveco Hongyan Commercial Vehicle Co Ltd is a Chinese joint venture headquartered in Chongqing China and owned by SAIC as a majority holder the Chongqing city and Iveco SAIC Iveco Hongyan was established in January 2003 as Chongqing Hongyan and traces its origins back to a Chinese manufacturer established in 1965 The company is focused on producing Iveco based heavy trucks which are mostly marketed under the Hongyan marque SAIC Iveco Hongyan Commercial Vehicle Co Ltd Trade nameHongyanFormerlyChongqing Hongyan Motor Co Ltd TypeJoint ventureIndustryAutomotivePredecessorSichuan Automotive Manufacturing PlantFoundedJanuary 2003HeadquartersChongqing ChinaArea servedWorldwideKey peopleLou Jianping General manager 1 ProductsTrucksProduction output55 697 2018 2 OwnersSAIC 56 96 Chongqing Electromechanical Holding Chongqing municipality 34 SAIC Iveco 9 04 Number of employees5 000Chinese nameSimplified Chinese上汽依维柯红岩商用车有限公司Traditional Chinese上汽依維柯紅岩商用車有限公司TranscriptionsStandard MandarinHanyu PinyinShangqi Yiweike Hongyan Shangyongche Yǒuxian GōngsiHongyanSimplified Chinese红岩Traditional Chinese紅岩Literal meaningRed rockTranscriptionsStandard MandarinHanyu PinyinHongyanWade GilesHung2 yen2IPA xʊ ŋjɛ n other MandarinSichuanese PinyinHong2 ngai2WuRomanizationGhon平yie平Yue CantoneseYale RomanizationHuhngngaahmJyutpinghung4 ngaam4IPA ho ŋŋa ːm Websitewww wbr hongyantruck wbr com wbr en wbr Contents 1 History 2 Operations and products 3 References 4 External linksHistory EditOn 1 October 1965 the Chinese government started building an assembly plant for military vehicles in Chongqing the Sichuan Automotive Manufacturing Plant The plant began production in 1966 initially assembling Hongyan badged military vehicles based on Berliet technology In the 1980s the plant used Steyr technology for heavy duty trucks and entered into the civilian market The plant launched new products and diversified its heavy truck offer during the 1990s 3 increasing exports to foreign markets 4 The Sichuan plant was part of CNHTC until 2001 when financial difficulties forced CNHTC to divest it 5 In December 2002 6 Xiang Torch a publicly traded company involved in the automotive industry 7 and state owned Chongqing Heavy Vehicle Group formed the Chongqing Hongyan company as a joint venture based on the Chongqing plant 6 The official establishment was in January 2003 7 Xiang Torch owned 51 its parent Delong 4 and the rest was owned by Chongqing Heavy Vehicle Group Following Delong s stock collapse Xiang Torch purchased its parent s stake In December 2003 Xiang Torch signed a cooperation agreement with the Italian company Iveco and Iveco and Chongqing Hongyan jointly developed and produced high end heavy duty vehicles In 2005 Delong the major shareholder of Xiang Torch was broken At this point the Chongqing Municipal State owned Assets Supervision and Administration Commission ultimate owner of Chongqing Heavy Vehicle Group forced out Xiang Torch and started the restructuring of Chongqing Hongyan 6 In December 2005 SAIC Iveco and Chongqing Hongyan signed the Joint Venture Cooperation Framework Agreement in Chongqing officially kicking off the joint venture cooperation Iveco ended another Chinese joint venture Changzhou Iveco to avoid Chinese restrictions over more than two joint ventures producing the same type of vehicle as it was already operating a joint venture with Nanjing Auto In June 2006 the three parties signed a memorandum of understanding on the joint venture In July 2006 Iveco announced that it had reached a joint venture agreement with SAIC to establish the equally owned SAIC Iveco Commercial Vehicle Investment Co Ltd SAIC Iveco In August 2006 SAIC Iveco was officially approved by the Ministry of Commerce On 18 September 2006 SAIC Chongqing Heavy Vehicle Group and Iveco Commercial Vehicle Investment signed a strategic cooperation agreement at the Great Hall of the People in Beijing In mid October the SAIC Iveco Hongyan company was finally operational and got the final government approvals in May 2007 6 The official establishment date for the joint venture was on 5 June 2007 3 SAIC Iveco held a 67 stake and Chongqing Heavy Vehicle Group a 33 stake SAIC Iveco Hongyan began the construction of a new plant 6 and its first product the Genlyon heavy truck was launched in 2009 8 A second truck the Kingkan was launched in 2011 9 10 and a third the Gentruck in 2015 11 12 A medium duty truck the Genpaw was introduced in 2018 13 A Hongyan Genlyon truck pictured in 2018 In December 2016 it was announced that SAIC Iveco would reduce its stake in the venture to 12 08 while SAIC would hold a direct 53 92 stake and Chongqing Heavy Vehicle Group s parent a 34 14 In 2018 SAIC acquired a further 3 04 from SAIC Iveco 2 Operations and products EditSAIC Iveco Hongyan facilities are in the Liangjiang New District of Chongqing The manufacturing plant which has the capacity to assemble up to 80 000 vehicles per year is modeled after Iveco s Madrid plant SAIC Iveco Hongyan Axle Co Ltd is a wholly owned subsidiary able to produce up to 300 000 axles per year SAIC Iveco Hongyan produces medium heavy trucks ranging between 160 and 560 metric horsepower for highway logistics and engineering construction and special purpose heavy vehicles In China the company markets its products under the Hongyan marque while that for export markets it uses both the Hongyan and Iveco marques 15 As of 2019 update trucks produced by SAIC Iveco Hongyan include the Genlyon based on the Iveco Stralis AS 16 the Kingkan 17 the Genpaw 18 and the Gentruck 19 References Edit 专访上汽依维柯红岩有限公司总经理楼建平 Interview with Lou Jianping General Manager of SAIC Iveco Hongyan Co Ltd 12gang com in Chinese 19 April 2017 Retrieved 29 January 2019 a b SAIC Motor Corporation Limited Annual Report 2018 PDF SAIC pp 17 198 Retrieved 22 July 2019 a b 红岩重卡承载品牌40年 Hongyan heavy trucks have sported the marque for forty years 360che com in Chinese 21 September 2011 Retrieved 26 January 2019 Initiating the historic transition from a planned to a market economy Beijing Review Beijing 38 32 1993 ISSN 1000 9140 Harborn Mats Xu Tommy 2014 The commercial vehicle industry in China Scania being part of it In Ebel Bernhard Hofer Markus B eds Automotive Management Strategie und Marketing in der Automobilwirtschaft Springer Verlag p 140 ISBN 9783642340680 a b c d e Yan Ming 20 June 2007 上汽依维柯红岩商用车 一曲大江去 SAIC Iveco Hongyan Commercial Vehicle going to the big river auto sohu com in Chinese Retrieved 26 January 2019 a b Zhu Zhongqi 18 January 2005 筑湘火炬彻底告别重庆红岩 Xiang Torch bids farewell to Chongqing Hongyan finance sina com cn in Chinese Retrieved 26 January 2019 SAIC Iveco JV Launches Genlyon Heavy Truck for Chinese Market chinatrucks com 23 March 2009 Retrieved 30 January 2019 SIH Kingkan set new post for heavy dumpers chinatrucks com 27 October 2011 Retrieved 31 January 2019 Iveco s Joint Venture in China stellt ein neues Produkt vor Kingkan Iveco s joint venture in China introduces a new product Kingkan Kranmagazin in German 27 October 2011 Retrieved 31 January 2019 SIH Jie Series Trucks Compete for Medium Logistics Transport Markets chinatrucks com 17 June 2015 Retrieved 31 January 2019 Historical romance SAIC Iveco Hongyan Retrieved 31 January 2019 Product presentation chinatrucks com Retrieved 31 January 2019 Iveco and SAIC Restructure their Joint Ventures in China Press release CNH Industrial 16 December 2016 Retrieved 30 January 2019 via PR Newswire 企业巡礼丨上汽依维柯红岩商用车有限公司 Enterprise Tour SAIC Iveco Hongyan Commercial Vehicle Co Ltd xuehua us in Chinese 22 November 2018 Retrieved 30 January 2019 Genlyon SAIC Iveco Hongyan Retrieved 30 January 2019 Kingkan SAIC Iveco Hongyan Retrieved 30 January 2019 Genpaw SAIC Iveco Hongyan Retrieved 30 January 2019 Gentruck SAIC Iveco Hongyan Retrieved 30 January 2019 External links EditOfficial website Retrieved from https en wikipedia org w index php title SAIC Iveco Hongyan amp oldid 1059975323, wikipedia, wiki, book, books, library,
