Hyundai Motor Agrees New Truck Partnership with Sichuan Energy in China
South Korea’s top automaker Hyundai Motor Co. has changed its Chinese partner for commercial vehicle production to Sichuan Energy Industry Investment Group Co., an arm of the Sichuan provincial government, to expand footing in the world’s biggest electric bus and truck market.

Hyundai Motor signed a strategic partnership agreement with its new partner at its headquarters in Yangjae-dong, southern Seoul.
Sichuan Hyundai was established by Hyundai Motor with Chinese commercial vehicle maker Sichuan Nanjun Automobile Group.
Sichuan Energy Industry Investment Group will assume the 50 percent stake in Sichuan Hyundai from Sichuan Nanjun Automobile Group. The partnership covers R&D, production, sales, after-sale services, and logistics.
Hyundai Motor hopes to gain traction in the commercial vehicle front in China with new partnership in the world’s fastest growing electric vehicle market. The public energy company is engaged not only in energy infrastructure construction and energy projects in Sichuan Province but also battery, finance, and service-related businesses.
Sichuan Hyundai will develop five new commercial vehicle models by 2022 to expand its current lineup of six models of which three are under Hyundai Motor brand and three under Chido brand. It will release electric truck model next year.
Sichuan Hyundai will also export two trucks developed exclusively for the Chinese market - Changho (Xcient) and Shengtu (Mighty) - to other regions including Southeast Asia, Africa, and the Middle East.
An unnamed official from Hyundai Motor said that the company plans to enhance competitiveness of Sichuan Hyundai to become a leading commercial vehicle manufacturer in China and play key role in development projects promoted by the Chinese government in the country’s western region.
Views:0
- Hyundai Motor and Iveco Group Sign MOU to Explore Future Collaboration 2022-03-09
- Hyundai Reveals World’s First Hydrogen Fuel Cell Heavy-duty Truck at CIIE 2020-11-06
- Hyundai Targets 15% of European Hydrogen Truck Market by 2030 2020-07-24
- Hyundai Wins 2020 Truck Innovation Award 2019-12-19
- Hyundai Showcases NEPTUNE Fuel Cell Truck Concept at CIIE 2019-11-14
- Hyundai Motor Company and Cummins to Collaborate on Hydrogen Fuel Cell Tech 2019-09-29
- Sichuan Hyundai Launches New Version of Mighty Light Truck 2019-08-19
- WABCO Signs Deal with Hyundai to Supply Advanced Techs for New Medium Trucks 2018-11-12
- Hyundai Motor Cuts Truck Production to Cope with Falling Korea's Demand 2018-11-01
- IAA 2018: Hyundai Signs MoU for Rolling out Fuel Cell Electric Trucks 2018-09-21
Submit Your Requirements, We Are Always At Your Service.
- BYD Stopped the Production of Fuel Vehicles
- Geely Began Test Runs of Green E-methanol Vehicles in Danmark
- 2022 SANY Global Dealer Summit Was Held Successfully Online
- BYD and Shell Partner on EV Charging across China and Europe
- Daimler Truck Significantly Increase Sales, Revenue and Net Profit in 2021
- Scania Year-end Report January-December 2021
- Hyundai Motor and Iveco Group Sign MOU to Explore Future Collaboration
- GAUSSIN Enters China, the Largest Truck Market in the World
- Over 1,200 Hydrogen-powered Vehicles Deployed for the Beijing Winter Olympics
- Chinese New Year Holiday Closure Notice
- China's Truck Exports Grew by 30% YOY to 63490 Units in January-February
- China's New Energy Heavy Trucks Grew Despite an Overall Slump
- Heavy-duty Truck sales in China Fell by 54% to 54,000 units in February
- SINOTRUK Achieves Sales of 27,725 Vehicles in January, 2022
- China’s Domestic Tractor Sales Exceed 40,000 Units in January
- 2021 JAC International Pickup Export Performance
- JAC Achieved a Great Result in 2021
- China's Truck Export in 2021 Reached a 10-year Peak
- Heavy-duty Truck Sales in China Fall 57 Percent on Year in January
- China Recorded Sales of 645000 Tractors in 2021