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China's heavy-duty truck giant launches 2.3-bln-USD plant

Xinhua News,JINAN
2020-11-20 10:19

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JINAN, Nov. 20 (Xinhua) -- The China National Heavy Duty Truck Group, or Sinotruk, on Thursday officially put into operation an assembly plant that can churn out up to 100,000 heavy-duty trucks annually.

The project in the Laiwu District of Jinan, capital of east China's Shandong Province, has a total investment of 15 billion yuan (about 2.3 billion U.S. dollars) and covers an area of 207 hectares.

The plant can reap revenue of 35 billion yuan with a tax payment of 2.5 billion yuan annually, said the largest heavy-duty truck manufacturer in China.

In the future, the facility will apply technologies of new energy, autonomous driving, and artificial intelligence to upgrade its traditional trucks to new-energy and intelligent, connected ones, Sinotruk said.
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