Qingling Motors sold 65,000 vehicles in 2010 to build light, medium, and heavy duty commercial vehicles

In 2010, Qingling Motors achieved its pre-set target on schedule, realized sales revenue of 10.4 billion yuan, and successfully entered the 10 billion-class commercial vehicle business club. Qingling executives revealed that the next five years will be the development period of Qingling. By 2015, the company's annual sales revenue will reach 30 billion yuan, becoming the top three commercial vehicle manufacturers in China.

In the past five years, all business indicators of Qingling have achieved rapid growth. In 2010, the sales volume of Qingling’s vehicles reached 65,000 units, which was nearly double that of 2005; sales revenue was 10.4 billion yuan, 1.6 times more than 2005’s 4.06 billion yuan; pre-tax profit was 6.6 times that of 2005.

After the completion of the comprehensive strategic partnership with Isuzu, Qingling has achieved greater space for development and the pace of development has accelerated markedly. In the past five years, Qingling has launched a series of cost-effective commercial vehicles in accordance with the development model of focusing on self-directed innovation, self-innovation, and introduction and absorption, which has enabled the transformation of its commercial vehicles from high-quality, high-price to high-quality, medium-price, and grasped. Accelerate the domestic commercial vehicle market to accelerate the speed, implement the market sinking strategy, fully compete for the mid-price market and seize the emerging market.

While making a historic breakthrough in the entire vehicle business, Qingling accelerated the development of the industrial chain, and the core component manufacturing and special vehicle manufacturing business also started upgrading from 2010. At present, the Qingling General Assembly, Casting, Forging Capacity Expansion Technology Reform Project and Experimental R&D Center Project with an investment of about 800 million yuan are being stepped up. The second and third round of technical upgrading projects with a total investment of about 2 billion yuan will also be implemented. Starting in 2011.

According to reports, the R&D and manufacture of medium- and heavy-duty commercial vehicles will become the new growth point for Qingling; by the end of the 12th Five-Year Plan, Qingling will achieve an upgrade from light to light, medium and heavy-duty full-coverage upgrades. Strongly influential large-scale commercial vehicle manufacturers.

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