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Hawtai Motor Group

A joint venture to manufacture vehicles could cost KAMAZ and Hawtai Motor Group a total of $350m in investments, KAMAZ handouts prepared for the Beijing International Economic Forum (BIEF) indicate.

On Thursday, KAMAZ and Hawtai announced they had signed a framework agreement to set up a joint venture manufacturing and selling KAMAZ trucks in China, and Hawtai automobiles in Russia.

In Russia, the production of Hawtai automobiles will be deployed at the KAMAZ facilities, while KAMAZ trucks will be manufactured at a new plant to be built in Tianjin, China. Sales operation will be drawing heavily on one another’s commodity distribution systems.

According to KAMAZ materials, the plant in Naberezhnye Chelny will be producing four of Hawtai crossover and sedan models. Gradually, production processes are to become no less than 60% localized, including such technological processes as stamping, assembly, welding, auto body painting, and production of other components, with the total annual output of 50,000 cars a year.

KAMAZ, in turn, is supposed to arrange an assembly plant for three chassis models for tailor-made setup in China within a period of five years as part of the joint venture. The second stage involves building a new vehicle assembly plant combined with gradual expansion of the model range to include seven models and rising the annual output to 50,000 vehicles a year. The new production is also expected to be some 60% localized. Notably, further steps imply the development of marketing and service networks.

03 September 2015
PRIME
Investor
350.0 mln
Republic Of Tatarstan

Investor profile

Hawtai Motor Group

China

Company's website: en.hawtaimotor.com

T: 86 10 6497 8666

Private company

Contact: Zhang Hongliang, Chairman of the Board of Directors

Hawtai Motor Group dates back to 2000, the original Hawtai company was founded in Zhucheng, Shandong.
While focused primarily on the development of gasoline and diesel engines, the corporation is also conducting research in innovative hybrid power systems

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