Jianghuai Automobile has recently become a hot topic in the market discussion. First, it established a heavy truck joint venture company, and second, it encountered foreign shareholder reductions. How do Jianghuai Automotive see the different kinds of voices in the market? In this connection, the reporter interviewed Wang Min, the secretary of Jianghuai Automobile. Reporter: What is the overall development of the auto industry in 2009? How is the sales of JAC? Wang Min: According to industry association statistics, from January to September 2009, the country’s auto sales were 9.66 million, an increase of 34.24% year-on-year. Experts expect that the annual automobile sales in 2009 will reach 12.63 million, an increase of 35.1% year-on-year. The reason why car sales have achieved significant growth is that, first of all, as one of the two major commodities for consumer upgrading, automobiles have entered a period of rigid demand in China; secondly, the country has introduced plans for revitalization this year, and the purchase tax for passenger cars below 1.6L is halved, etc. The series stimulates automobile consumption and industry development policies. We believe that the car sales situation in 2010 is still promising and is expected to increase by 10.69% to 13.98 million vehicles. Similarly, JAC has also maintained a good momentum of development this year, especially in the area of ​​cars. In the previous September, the company’s production and sales volume was 238,971 units and 23,197 units respectively. The production and sales volume of cars increased 534.28% and 479.22% respectively from the same period of last year. Reporter: What is the real purpose of Jianghuai Zhonghe Heavy-duty Joint Venture? What impact will the company have on the future? Wang Min: The JAC heavy truck business was introduced in 2003 as a relatively advanced heavy truck manufacturing technology platform in the 1990s. Although the starting point is relatively high, due to the lack of supporting environment and high product sales prices, after several years of operation, the annual sales volume is 10,000 units. Around, there is hardly a major breakthrough. Considering that the company has invested more resources in the field of cars in the past three years, in order to better concentrate its energy, it has used external force to introduce strategic partners by adopting the strategy of “retreat for progressâ€. For this reason, the company and the United States NC2 Global LLC (under Calling "NC2") cooperation is a very strategic action. First of all, NC2's two shareholders, Navistar and Caterpillar, are world-class in the field of intermediate and heavy trucks, diesel engines and construction machinery, and vehicle installations. The technical strength and network advantages resources. Secondly, in view of the possibility of serious overcapacity in domestic heavy truck capacity, Jianghuai cooperated with NC2, not simply pursuing production capacity and sales volume, but trying to build a marketing network and technology from engines and other core components to heavy trucks and domestic and foreign sales networks. Share the industry chain. In the online poll of “Which is more optimistic about which joint venture and cooperation case in the commercial vehicle industry†surveyed by Sina Auto Network, the joint ventures supporting Jianghuai, Navistar, and Caterpillar accounted for 42.2%, far exceeding peers. The survey showed that Jianghuai’s choice was fully recognized by industry experts. Reporter: How does the company see how Singapore’s Howden Investment Company reduces its shareholding? Wang Min: As a financial investor, the company's foreign shareholder Singapore Holden Investment Co., Ltd. under the full circulation conditions, is a normal market behavior. According to its notification, on the one hand due to the financial crisis, the company's parent company was severely affected in Southeast Asia's iron and steel, rubber, and other businesses, in urgent need of funds, at the same time, because the company is a foreign shareholder, the company refinancing the company in several recent placements Although it has a strong desire to subscribe, due to its foreign shareholder status, it is subject to more restrictions and its shareholding ratio is continuously decreasing. We believe that whether the financial investor withdraws normally after obtaining a reasonable return or whether the industrial capital is involved in the prospect of the company in a timely manner is a routine action under the rules of the market economy. Compressed Knitted Mesh Gasket with
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