GAC Nisshin wants to build the largest domestic commercial vehicle production base
Recently, the Guangzhou Municipal Economic and Trade Bureau announced that the Hino commercial vehicle project in Conghua has received national approval and is set to begin construction this October. Once completed, it will become one of the largest commercial vehicle manufacturing bases in China, marking a significant step forward for the region’s automotive industry.
According to insiders, Guangzhou Automobile Co., Ltd. plans to build a new 1,600-acre facility in the town center of Conghua, with the project being implemented in stages. The site will include a main parts production plant, a commercial vehicle R&D center, and various supporting facilities such as R&D buildings, product laboratories, and trial production workshops. The project aims to enhance development capabilities in body design, interior and exterior trim, as well as engine and chassis components, ensuring comprehensive vehicle manufacturing support.
In mid-August, the collaboration made a major breakthrough when the National Development and Reform Commission officially approved the establishment of GAC Hino Motor Co., Ltd., a joint venture between Guangzhou Automobile Group and Hino Automobile Co., Ltd. The partnership will last for 30 years, signaling a long-term commitment to the Chinese market.
Under the joint venture plan, GAC Hino Motor Co., Ltd. will acquire the assets of Guangzhou Guangzhou Motor Co., Ltd., a subsidiary of GAC Group, to produce its own branded vehicles. This move will also lead to the cancellation of Yangcheng Co., Ltd.'s production license. New production facilities will be built in Conghua, with all products eventually transferred to the Guangqi Hino Chemical Plant.
The project involves a total investment of 3.1 billion yuan, with a registered capital of 1.5 billion yuan. Of this, 2.4 billion yuan will be invested in the restructuring of the Yangcheng Company's construction project, with both Guangzhou Automobile Group and Hino contributing equally at 50% each.
In terms of product positioning, the Hino project by Guangzhou Automobile aims to target the mid- to high-end commercial vehicle market. The joint venture will introduce Hino’s 700 series heavy truck tractors, general trucks, and their accompanying P11C and E13C series 11L and 13L diesel engines. It will retain the annual production capacity of 30,000 units for Yangcheng brand light trucks while increasing the output of heavy trucks to 20,000 units per year, including 5,000 units supported by the Shenyang plant for buses.
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