China National Heavy Duty Truck Group signed a strategic cooperation agreement and a "car loan guarantee insurance" business cooperation agreement with China People's Insurance Company. CNHTC Finance will provide auto consumption loans with a total value of RMB 2 billion for natural and legal end-users who purchase automobile products of CNHTC Group. China Life Insurance provides insurance for performance bonds.
China National Heavy Duty Truck Group is the most important production base for heavy-duty vehicles and military vehicles in China. PICC Property & Casualty Insurance Company is the largest non-life insurance company in mainland China. The two sides will use auto financial insurance as an entry point for cooperation to develop motor vehicle insurance and corporate assets simultaneously. Insurance and other business cooperation. The car loan insurance business they jointly launched started in Shandong and Beijing at the same time, and gradually expanded to other provinces and regions. It carried out market-oriented operations on the key projects of the State Council’s expansion of domestic demand, energy conservation and environmental protection of municipal projects, and the needs of domestic major logistics companies for car purchases. We will actively explore the effective growth of corporate clients.
From January to November this year, under the national macro-control and global financial “tsunami†environment, China National Heavy Duty Truck still achieved 105,300 heavy-duty vehicles, an increase of 12.25% year-on-year, and exports of 12,900, an increase of 4.23% year-on-year. Its revenue was 48.8 billion yuan, a year-on-year increase of 39.73%. Major economic indicators set a new record in history and continued to rank first in the domestic industry.
View related topics: China National Heavy Duty Truck Breaks Monthly Sales Record for National Heavy Truck Industry
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