First Automobile Works is to team up with China National Heavy Truck Corp and Volvo, the world’s number two truck maker, in a $US105 million plant that will produce 50,000 engines a year by 2010.

According to a news agency report, Volvo will own 52% of that plant, and the two Chinese firms, 24% each.

“The engines will be for sale in China to start with,” Jan van Stetten, head of Volvo’s truck division in China, told Reuters, adding that exports would be deliberated upon later.

Reuters noted that Volvo last summer Volvo signed a deal to form a 1.6 billion yuan truck joint venture with China National, with an initial capacity of 2,000 trucks per year.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.