China National Heavy Duty Truck Group
Encyclopedia
China National Heavy Duty Truck Group Company Limited , CNHTC or Sinotruk Group is a truck
manufacturing
state-owned enterprise headquartered in Jinan
, Shandong
, People's Republic of China
. It is currently the third largest truck manufacturer in Mainland China
. It is famous for developing and manufacturing the first heavy duty truck - "Huanghe" (Yellow River
in Chinese Language
) brand
vehicle model JN150 in China.
CNHTC was founded in 1935 by Kuomintang
Government of the Republic of China
on the basis of Jinan Automobile Works. It started developing heavy-duty trucks in 1956. Since the reform and restructure in 2001, the company has got rid of the operating losses for previous years.
Its Hong Kong
-based subsidiary
company, Sinotruk (Hong Kong)
, was listed on the Hong Kong Stock Exchange
in 2007.
Truck
A truck or lorry is a motor vehicle designed to transport cargo. Trucks vary greatly in size, power, and configuration, with the smallest being mechanically similar to an automobile...
manufacturing
Manufacturing
Manufacturing is the use of machines, tools and labor to produce goods for use or sale. The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale...
state-owned enterprise headquartered in Jinan
Jinan
Jinan is the capital of Shandong province in Eastern China. The area of present-day Jinan has played an important role in the history of the region from the earliest beginnings of civilisation and has evolved into a major national administrative, economic, and transportation hub...
, Shandong
Shandong
' is a Province located on the eastern coast of the People's Republic of China. Shandong has played a major role in Chinese history from the beginning of Chinese civilization along the lower reaches of the Yellow River and served as a pivotal cultural and religious site for Taoism, Chinese...
, People's Republic of China
People's Republic of China
China , officially the People's Republic of China , is the most populous country in the world, with over 1.3 billion citizens. Located in East Asia, the country covers approximately 9.6 million square kilometres...
. It is currently the third largest truck manufacturer in Mainland China
Mainland China
Mainland China, the Chinese mainland or simply the mainland, is a geopolitical term that refers to the area under the jurisdiction of the People's Republic of China . According to the Taipei-based Mainland Affairs Council, the term excludes the PRC Special Administrative Regions of Hong Kong and...
. It is famous for developing and manufacturing the first heavy duty truck - "Huanghe" (Yellow River
Yellow River
The Yellow River or Huang He, formerly known as the Hwang Ho, is the second-longest river in China and the sixth-longest in the world at the estimated length of . Originating in the Bayan Har Mountains in Qinghai Province in western China, it flows through nine provinces of China and empties into...
in Chinese Language
Chinese language
The Chinese language is a language or language family consisting of varieties which are mutually intelligible to varying degrees. Originally the indigenous languages spoken by the Han Chinese in China, it forms one of the branches of Sino-Tibetan family of languages...
) brand
Brand
The American Marketing Association defines a brand as a "Name, term, design, symbol, or any other feature that identifies one seller's good or service as distinct from those of other sellers."...
vehicle model JN150 in China.
CNHTC was founded in 1935 by Kuomintang
Kuomintang
The Kuomintang of China , sometimes romanized as Guomindang via the Pinyin transcription system or GMD for short, and translated as the Chinese Nationalist Party is a founding and ruling political party of the Republic of China . Its guiding ideology is the Three Principles of the People, espoused...
Government of the Republic of China
Republic of China
The Republic of China , commonly known as Taiwan , is a unitary sovereign state located in East Asia. Originally based in mainland China, the Republic of China currently governs the island of Taiwan , which forms over 99% of its current territory, as well as Penghu, Kinmen, Matsu and other minor...
on the basis of Jinan Automobile Works. It started developing heavy-duty trucks in 1956. Since the reform and restructure in 2001, the company has got rid of the operating losses for previous years.
Its Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
-based subsidiary
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
company, Sinotruk (Hong Kong)
Sinotruk (Hong Kong)
Sinotruk Limited is incorporated in Hong Kong in 2004. Its parent company, China National Heavy Duty Truck Group, is the third largest heavy truck manufacturer in Mainland China located at Shandong....
, was listed on the Hong Kong Stock Exchange
Hong Kong Stock Exchange
The Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...
in 2007.