Changzhou Huanghai: The new driver in bus industry

Liaoning SG Automotive Group's bus unit, Huanghai Automobile Co Ltd, will join forces with Changzhou Changjiang Bus Group, becoming the leading bus manufacturer in the industry. The new tie-up will take on a new name - Changzhou Huanghai.

Huanghai Bus, which has over fifty years of history, was taken over by Liaoning SG Automotive Group, who secured the largest purchase order when bidding for the Beijing Olympic bus project in 2005. Cooperation with Changzhou Changjiang Bus will help Huanghai Bus expand into the luxury bus business.

Changzhou Changjiang Bus, a former partner of Italian Iveco, owns Iveco's advanced technology, complete assembly line and car-test facilities obtained through their cooperation which ended last July. However, the new company, Changhzou Huanghai, is still allowed to make products using Iveco's technology.

On the 11th of July, SG Group held the first interim general meeting, planning to invest 600 million RMB into Changzhou Huanghai. This means the company will add another 2.04 billion RMB to its target revenue.

SG Group is the only non-state owned public company in China's axle industry, whose headquarters is located in Dandong, northeast of China.