After joining forces with China National Heavy Duty Truck Group, Warwick entered the fast track of development. From January to November of 2010, the company sold 8,500 special vehicles and realized sales revenue of 600 million yuan. It is estimated that more than 10,000 special vehicles can be produced and sold throughout the year, with sales revenue exceeding RMB 700 million and foreign exchange earning more than US$ 20 million. The indicators are located at the forefront of similar companies in Suizhou.
In October 2008, Hubei Huawei Co., Ltd. and China National Heavy Duty Truck Group merged to form China National Heavy Duty Truck Group, Hubei Huawei Special Automobile Co., Ltd. Over the past two years, Warwick has invested more than 90 million yuan in funds for technological transformation and expansion of production capacity. It has successively implemented technological transformation of dump trucks and tanker production lines, newly installed automatic assembly lines for dump trucks, and built plants for 240 acres. The new tanker production line and tanker coating line will be used to improve the tanker production capacity and the environmental protection level of the coating. According to the relevant person in charge of Warwick, the company will also acquire 220 acres of land in 2011 and build a new production line.
Relying on the R&D platform of China National Heavy Duty Truck Group National Technology Center, Warwick has increased its independent innovation. In recent years, the company has successively developed a tailgate linkage opening and hydraulic locking device for dump trucks and has obtained 7 national patents. Among them, the company's asphalt transporter has exported more than one million U.S. dollars, and received more than 100 orders in 2011.
With the advantage of CNHTC Group's capital, technology, brand, market and management, Sinotruk Warwick's product competitiveness and market share have continuously improved. The special vehicles produced by the company's three major series of dump trucks, semi-trailers and tank trucks sell well in domestic and foreign markets. In particular, dump trucks are the company's leading products. Its sales volume accounts for 70% of all sales, and its technical content has reached the international advanced level.
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