·Jiangling and Ford cooperated to upgrade 1.1 billion yuan to produce heavy trucks
In recent years, the cooperation between Jiangling Motors and Ford has no longer been limited to light commercial vehicle products, and the cooperation between the two sides in the field of SUV and heavy trucks is gradually progressing. Wang Xigao, chairman of Jiangling Motors Co., Ltd. said: "We will cooperate with Ford to introduce Ford's advanced heavy-duty truck products in Europe and around the world." Recently, Netcom has learned from Jiangling Motors that Jiangling will invest 1.173 billion yuan for J20. The heavy truck project develops or introduces heavy truck products by participating in Ford's new global heavy truck standard cab development project, matching Ford chassis and engine technology.
Ford and Jiangling have had a history of cooperation for nearly 20 years. In recent years, the cooperation between the two sides is progressing steadily. In 2013, Ford increased its shareholding of 2% of JMC's shares for the third time, and became the largest single shareholder of JMC's car with a 32% share ratio. The cooperation between the two parties is even closer. At present, the cooperation project between Jiangling and Ford has included light commercial vehicle products and upcoming SUV products. On this basis, the cooperation projects will be upgraded again. It is reported that Jiangling will participate in Ford's overseas heavy truck R&D project. In the future, it will launch heavy-duty truck products in China by means of development or introduction, and enhance its competitiveness in the domestic heavy truck market.
According to the announcement, Jiangling Motors plans to spend 1.173 billion yuan for heavy truck projects. The newly developed and introduced heavy truck products are J20. The initial expenses of this investment are mainly used for engineering development costs and purchase of related equipment and molds. Jiangling will cooperate with Ford and Ford Otto Sang (Ford's joint venture in Turkey) to invest in Ford's new global heavy-duty truck standard cab development project. The technical information obtained by the three parties' joint investment has equal intellectual property rights. In the future, Jiangling will match the developed cab products with the imported Ford chassis and engine technology, and put into production heavy trucks in China.
Previously, Jiangling and Ford's product cooperation projects were mainly concentrated in the field of light commercial vehicles. The total sales volume of the classic light passenger products made by Jiangling Motors in Ford Transit reached 72,076 units in 2014, an increase of 6% year-on-year. The sales volume ranked among the domestic European light passenger sales. The top of the list. In addition, Ford's seven hard-core SUVs are about to be made in Jiangling Motors and sold through their distribution channels. According to informed sources, after the road, the future passenger car model that Ford will continue to put into operation in Jiangling is already under planning, and it is still an SUV product.
Overall, the cooperation products of Jiangling Motors and Ford have formed a product layout in the segment of light commercial vehicles and SUVs. With the promotion of heavy truck projects, the cooperation between the two parties will touch more market segments. Wang Xigao previously said: "Ford has given some support to Jiangling Heavy Duty Truck. The two parties will introduce retail to Ford's advanced heavy-duty truck products and engines in Europe and the world, including manufacturing processes and marketing management."
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