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CNHTC group increases investment to reorganize Liuzhou Yunli
Date:2008-09-01
China's largest heavy duty truck maker CNHTC group is trying to build a special purpose vehicle production base in Liuzhou, a southwest China city, by reorganizing Liuzhou Yunli. Liuzhou Yunli is the largest special vehicle maker in southwest China. In May 2008, CNHTC group bought 60% stake in Yunli and formed CNHTC GUANGXI LIUZHOU YUNLI SPECIAL PURPOSE VEHICLE CO., LTD which is going to be a bridge for exporting vehicles to Southeast Asia.
According to latest data, the new company’s sales income reached 275.27 million Yuan, up 127% compared with same time of last year.
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