Renault Nissan Diesel Co., Ltd. to share the speed of Dongfeng Volvo Truck China layout


After teaming up with China National Heavy Duty Truck Group, Volvo Group will cooperate or joint venture with Renault Trucks and Nissan Diesel and Dongfeng through its subsidiary company, then Volvo Group will hand over two flagship companies in China's heavy truck market and occupy three-thirds of China's heavy truck market. Second market share.

On March 21st this year, AB Volvo successfully purchased Nissan Diesel’s 40 million shares of common stock from Nissan Motor (Nissan Motor) for a price of 1.5 billion Swedish kronor (equivalent to 13 % of the equity) eventually became its controlling shareholder. According to regulations, the Volvo Group has the right to acquire the remaining 6% of the shares within 4 years.

Nissan Diesel and Renault Trucks have fallen into the hands of the Volvo Group, making the prospects for the joint venture and cooperation between Dongfeng Commercial Vehicles, Renault Trucks and Nissan Diesel suddenly become confusing.

It was reported that on March 19th, Li Rongrong, director of the SASAC, met with Nissan and Renault Motor Company president and CEO Carlos Ghosn, Volvo president and CEO Leif Johnson and his party. Both parties exchanged opinions on the cooperation between Dongfeng, Nissan and Volvo.

At present, Volvo Trucks and China National Heavy Duty Truck Group's Huawo Trucks are in a loss state, but Volvo said that it will not give up the project. Moreover, news from China National Heavy Duty Truck stated that Sinotruck is actively communicating with Volvo Trucks and is preparing to restart the joint venture between the two companies, the Jinan Huawo Production Project, and Volvo Trucks will import new truck models for it.

For Chinese companies cooperating with the Volvo Group, these conditions are obviously unanticipated. According to the sales ranking of China's heavy truck market in 2005, Dongfeng, FAW and Sinotruck ranked the top three. After Volvo Trucks teamed up with China National Heavy Duty Truck Group, Volvo Group will cooperate or joint venture with Renault Trucks and Nissan Diesel and Dongfeng through its subsidiary, then Volvo Group will hand over two flagship companies in China's heavy truck market and occupy China's heavy truck market. Two-tenths of market share.

In view of the special situation of Volvo Group's truck brands, Volvo Group and Nissan Motor will also discuss with Dongfeng Motor Co., Ltd. the possibility of cooperation in the field of commercial vehicles in China. For the cooperation between Dongfeng Commercial Vehicle and Volvo Group, Tong Dongcheng said, “Now Dongfeng Commercial Vehicle is a joint venture result. As long as the conditions are a win-win situation, Dongfeng Commercial Vehicle cannot exclude any possibility of cooperation.”
View related topics: Dongfeng, Volvo wants to cooperate with commercial vehicle business


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