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Sales - China - National Heavy-Duty Truck allocates 20 bln yuan R&D to 2010
BEIJING,China -Forbes/AFX/China Daily -26 June 2006: -- China National Heavy-Duty Truck Corp (CNHTC), a partner of Volvo AB, plans to invest 20 bln yuan in research and development over the next four years, reported, citing company chairman Ma Chunji... Ma told that CNHTC will also look to produce and sell trucks in overseas markets due to overcapacity in China. By spending heavily in R&D, CNHTC expects newly developed products to account for one-third of its annual sales by 2010, when it expects total sales to reach more than 120,000 units, accounting for one-third of China's heavy-duty truck market...
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