Recently, Shangyin Hongyan revealed the formation of a new joint venture company. The first new-generation Hongyan heavy truck, named "Jieshi," will be launched simultaneously in Europe and globally. This model is currently the most expensive truck manufactured in Chongqing, with a price range between 250,000 to 370,000 yuan. It boasts a carrying capacity of over 60 tons and has already secured more than 2,000 pre-orders. Yang Yiyi, General Manager of Shangyi Hongyan, explained that the timing of the launch was strategic, aiming to capitalize on the national 4 trillion yuan investment aimed at boosting domestic demand and post-disaster reconstruction in the Southwest region. “There will be numerous infrastructure projects coming up, and this is our opportunity,” he said. In addition to the Jieshi, another major product from a Hongyan joint venture, the CURSOR9 engine developed by SAIC Fiat Hongyan Powertrain Co., Ltd., was also introduced. This development marks a significant step as it eliminates the need for an independent engine supplier, strengthening the company’s internal capabilities and supply chain efficiency. The launch of the Jieshi not only highlights Hongyan’s technological advancement but also signals its growing presence in both domestic and international markets. With strong order interest and strategic partnerships, the company is well-positioned to lead in the heavy truck industry. Keywords: New Generation Hongyan Heavy Truck - Jieshi, GENLYON Heavy Truck Listing, Hongyan Joint Venture, CURSOR9 Engine, SAIC Fiat Hongyan Powertrain

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