In mid-March, Chairman Liu Hanru and his team visited SAIC Fiat Powertrain Co., Ltd. (abbreviated as Shang Feihong) and held talks with Yang Hanlin, the general manager of the Chinese company of Shangfei Red Company, on bilateral cooperation. Chairman Liu Hanru visited the production line of Shanghai Philippine Red Powertrain and listened to the detailed introduction of the technology, products, production, after-sales service and enterprise development of Shanghai Philippine Red Powertrain Company, and fully understood the shanghai red powertrain company’s basic situation. In the following talks, Chairman Liu Hanru stated that both Shang Fei Hong and Hua Ling are both fast-growing growth companies with similar market positioning, and the immediate domestic heavy-duty truck market has a particularly rapid development momentum. He hopes to achieve fruitful cooperation between the two sides. It brought a new round of rapid growth to Hualing and Shanghai Philippine Red Power Company. The two sides also reached an agreement on the commercial policies of supporting resources, etc., and recognized the intention of cooperation. It is understood that SAIC-FIAT Hongyan Powertrain Co., Ltd. (SFH) was established in June 2007 and is operated by SAIC Iveco Commercial Vehicle Investment Co., Ltd. (SI), Fiat Power Technology Co., Ltd. (FPT), and Chongqing Heavy-duty Truck Group Co., Ltd. The company's (CHVG) tripartite investment has been constructed. It is one of the largest diesel engine manufacturers in China, and also a proponent of high-tech, low-emission diesel engines in China. The SFH technology originated from the Italian Fiat Group. The Fiat Group has been established since 1899. It has become one of the pioneers in the world of passenger cars, commercial vehicles, and workers' and peasants' machinery. In order to integrate the advanced technology of the Group under the power technology, Fiat In 2005, Fiat Power Technology Co., Ltd. (FPT) was established; currently, FPT has 15 specialized engine manufacturers and 10 product research and development organizations in the world; its power products cover commercial vehicles, passenger cars, industrial and agricultural machinery, ships, and power generation. Units and other industries. FPT has a diesel engine R&D institute in Jiading, Shanghai, China, and a SFH diesel engine manufacturing enterprise established in Chongqing in order to achieve local production of the FPT powertrain.
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