Daily on a slow boat to China
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• Iveco has won what could well turn out to be one of the biggest single contracts — in terms of volume — struck so far between a European vehicle manufacturer and China.
It has signed a supply agreement with the Nanjing Motor Corporation in which it will provide technology and technical assistance for the production of its Daily range in China. The Nanjing Motor Corporation will build Daily models between three and five tonnes gross weight, and although the initial annual rate is only Nicely to be around 5,000 vehicles, this could rise to 60,000 per year. No date, however, has been released as to when production will start.
The Chinese Government will invest £181.81 million in the project and will gradually restructure 19 plants in Nanj
ing based on Iveco technology. The vehicle parts, including 2.5-litre diesel engines, will be produced in China. Twenty-eight versions of the Daily will be produced in China, including trucks, combis and 4 x 4s.
Iveco will send a team of technicians to China to provide assistance and training. Also 300 Chinese technicians will travel to Italy for six months' training.