Daimler to Revamp China Plant to Make Mercedes-Benz-branded Actros Truck
Germany’s Daimler AG and its China commercial vehicle partner Beiqi Foton Motor Co plan to invest 2.75 billion yuan ($415.32 million) to build Mercedes-Benz-branded Actros heavy trucks for the first time in China, a document showed.
The partners plan to revamp plants at their joint venture Beijing Foton Daimler Automotive (BFDA) in China’s capital Beijing and add a production line, giving the plant a capacity of 50,000 Actros trucks a year, according to the construction document posted on the venture’s website.
A source familiar with the matter said the companies plan to embark on the revamp next year.
Foton had no comment and Daimler did not immediately respond to Reuters queries about the project.
Shares in Foton jumped by their maximum 10% daily limit and were headed for their best day since Oct. 13 after the Reuters report.
All Mercedes-Benz trucks currently sold in China are imported and priced significantly higher than the venture’s domestically made Auman trucks.
The truck joint venture sold 111,788 Auman trucks, which have Daimler’s technology input, in the first 10 months this year, up 55% from same period last year.
Reuters reported the expansion plan in August last year. Sources familiar with the matter later said the progress was slow, citing product and supply chain planning, regulation approvals and the impact from the COVID-19 pandemic.
Daimler said in 2016 it planned to make Actros trucks in China by the end of the decade but has not since publicly given updates.
Daimler, which has a passenger car joint venture with Foton’s parent BAIC Group, sold around 700,000 passenger cars in China last year. Its chief executive said last month China will remain Mercedes-Benz’s biggest growth market in the next decade and it will adjust production locations to capture shifts in demand.
Overall truck sales in China, the world’s biggest auto market, jumped 24% between January and October to 3.87 million units, driven by government investment in infrastructure and as buyers upgraded to comply with tougher emissions rules.
But the market is largely dominated by local companies including FAW’s Jiefang, Dongfeng Motor and Sinotruk, which offer more price-competitive products.
International truck makers including MAN SE and Volvo trucks have engine partnerships with local companies.
- Three ConMet Plants Receive 2020 Masters of Quality Supplier Award from DTNA 2021-11-17
- Daimler Truck AG and Cummins Inc.Announce Global Plan for Medium-duty CV Engines 2021-02-24
- Daimler Plans Separation into Two Pure-play Companies 2021-02-04
- Daimler and Volvo Sign Binding Agreement to Form a Fuel-cell Joint Venture 2020-11-03
- Mercedes-Benz Access to New Target markets with Actros F and Edition 2 2020-09-29
- Daimler Unveils GenH2 Hydrogen Fuel-cell Concept Truck 2020-09-23
- Daimler Presents ‘GenH2' Mercedes-Benz Fuel-Cell Concept Truck 2020-09-18
- Volvo, Daimler to Form a Joint Venture for Large-scale Production of Fuel Cells 2020-04-24
- Daimler Trucks' Next EV will be a Garbage Truck 2020-02-04
- Daimler Brings its Latest Products on Display at CIIE 2019-11-08
Submit Your Requirements, We Are Always At Your Service.
- Chery Rolls Off Its New Energy Mining Truck in Erdos
- FAW Jiefang Put into Operation Its J7 Smart Vehicle Plant
- JAC Kazakhstan Plant Rolls Off Its 40,000th Vehicle in 2021
- SANY Factory Certified as World’s First Lighthouse Factory in Heavy Machinery
- FAW Jiefang and ZOOMLION Continue to Deepen Their Strategic Partnership
- SAIC Light Truck EH500 Electric Sanitation Vehicle Obtains EU Certificate
- 30 Days Countdown to CIIE, Volvo Group Announces Participation in the Expo
- SANY to Attend the Second China-Africa Economic and Trade Expo
- BYD Introduces Next Generation Electric Trucks at ACT Expo
- FULONGMA Ranked in Top 50 Environmental Enterprises in China
C&C Trucks Co., Ltd.
C&C Trucks Co , Ltd (C&C Trucks), located in Sanshan Economic Development Zone, Wuhu, Anhui Province, a holding company under China International Marine Containers (Group) Co , Ltd (CIMC), is a large heavy truck enterprise integrating the research and development, production
- Top Ten Sales in New Energy Light-duty Trucks in October
- Top 10 Export Markets for Chinese Trucks in JAN.-SEP. 2021
- Top Ten New Energy Heavy-duty Truck Brands
- Top Ten Sales in New Energy Light-duty Trucks in September
- China Top 10 Tractor Head Performers in September
- Top Ten Sales in Heavy-duty Truck Market in September
- Light-duty Truck Sales Increased by More Than 30 Percent MOM in September
- JMC Pickup Sales Went Up by 13% YOY From January to September
- Sales Revenue Doubles in 50 Countries: SANY’s Internationalization Acceleratin
- SAIC Maxus' Sales Volume for Sep. Reached Record 17,684 Units, Up 25% YOY