STOCKHOLM/BEIJING - Swedish truck maker Scania, a unit under Volkswagen AG’s commercial vehicle arm Traton SE, has bought a truck company in China to start making vehicles for the first time in the world’s biggest auto market, it told Reuters.
Scania acquired Nantong Gaokai based in China’s eastern city of Rugao, showed an official filing. The acquisition allows it to obtain a truck manufacturing licence in China.The move comes after Scania said it would invest in a battery assembly plant in Sweden as it explores future technologies. Overall truck sales in China jumped 24% from January through October to 3.87 million vehicles, driven by government investment in infrastructure and as buyers upgraded to comply with tougher emissions rules.The market is largely dominated by local automakers including FAW Jiefang Group Co Ltd, Dongfeng Motor Group Co Ltd and Sinotruk Hong Kong Ltd, which offer more price-competitive vehicles.
International truck makers including MAN SE and Volvo trucks have engine partnerships with Chinese companies.
Imagine the intellectual property that China is acquiring with hundreds of such acquisitions. Soon the West will have little room to move
China is open-mind and forgives every tricky thing done by Sweden, which only cares about profit.
Ok
king of trucks made by kings of fakes? That s a good idea!😂
great brand, all the chinese brands are going to have to up their games.
Why not India
Extremely important for European nations to give enough incentives to the automotive companies to retain production and hence employment in Europe. EmmanuelMacron BrunoLeMaire
Population control wuhan style.
yohwee ndokufa kwe Scania uku
Quality will be very bad
SCANIA=Seven Coves Anti-christ(AN) IA=91=JihadJim murdering my and Julian Assange’s family