December 4, Chery Holding Group and the United States REV Group signed a contract in Wuhu, the two sides plan to establish a joint venture in Wuhu, the production of high-end cars, ambulances and other special vehicles Products and future sales to the domestic and international markets. Yin Tongyue, Chairman of Chery Holding Group and Tim Sullivan, president of REV Company of the United States, and other guests and guests witnessed the signing ceremony.
According to the agreement, the pre-production products of the project mainly include medium-to-high-end RVs and ambulances, respectively planning 6 series of RVs and 3 series of ambulances, taking into account other special-purpose vehicle products not only for the Chinese market but also for expanding to Chery's overseas sales network is expected to project a production, the annual sales of more than 5,000 all kinds of special vehicles, net sales of more than 2 billion yuan, can drive the associated industry output value of 4 billion yuan.
Chery and REV, one of the largest exporters of passenger cars in China, a well-known integrated car manufacturer and one of the leading North American specialty car makers, are the two most powerful car manufacturers in the world. Its main businesses include passenger vehicles, commercial vehicles, new energy vehicles, automotive components, automotive finance, caravan and other related industries with 6.5 million users worldwide. The US REV Group owns 29 of the top business brands in the ambulance , Fire engines, Class A motorhomes, etc. Among them, REV Group ambulances accounted for 66% of the market in North America; Class A school buses and small and medium-sized commercial vehicles accounted for the highest market share in North America; fire engines And the market share of Class A RVs is also the top three in North America. The joint venture project will fully integrate and utilize both advantages in technology, talent, market and management to create a special-purpose automobile brand with international influence.
It is understood that with the escalation of consumption, vacation tourism and motorcycles consumption has gradually entered the general public's vision. Coupled with the state to encourage and support the development of RV tourism industry, China's residential car market will usher in a period of rapid growth. Domestic ambulance market is more Stability, product replacement, regulatory requirements and the upgrading of aging population, medical reform dividend and other factors, together for the high-end ambulance has brought new market opportunities.Chery in the existing vehicle manufacturing, especially the production of RV products And conversion capabilities, the introduction of the international advanced enterprises mature experience, technology and technology resources, bigger and stronger domestic and international high-end specialty car business, is a strategic move around the automotive industry chain-related diversified industries.After signing the project, The two sides will start the construction of a joint venture factory in Wuhu Economic and Technological Development Zone. It is estimated that the product batch will be launched in the second half of next year, and the best-quality special vehicle for China will be built in the segment market