In March 2012, AVIC signed a cooperation agreement with Hebei Changzheng Automobile Manufacturing Co., Ltd., which has the qualification for vehicle production, with a total investment of 5 billion yuan to build a production base for heavy trucks and special vehicles chassis and special equipment, and settled the project. Xingtai County Longgang Economic Development Zone became the first groundbreaking project for Hebei Province's “100 National Central Enterprises to Enter Hebei†activity. Since the foundation of the project, with the strong support of the provincial party committee, the provincial government and AVIC Group, CNAC Changzheng spent three months and more than six months of unremitting efforts to overcome various difficulties and completed mergers and acquisitions, project construction, product development, etc. Series work.
Wang Jian, chairman of AVIC Electromechanical Corporation, introduced that the project has completed an investment of 955.64 million yuan, and it can produce 25,000 full-heavy trucks annually. The company will continue to implement the frame workshop and core parts manufacturing and other projects, and complete the first phase of the second phase of the project next year.
