Hawtai Motor, an SUV pioneer in China, is mainly engaged in automobile manufacturing that has a strong financial backing and owes its success to core power technologies. Hawtai Motor has total assets exceeding 48 billion Yuan (approx. US$7.8 billion) and has its business build around traditional and electric vehicles segments, R&D and technology segment, finance segment and smart mobility segment.
One of the earliest independently owned Chinese automobile brands to establish a presence outside home market; Hawtai Motor has established technology centers in Munich, Germany, in Russia and in Silicon Valley, USA. For design research of vehicles interiors and exteriors, Hawtai Motor has partnered with top global companies including UK based HORIBA MIRA and France based Faurecia. For the engine and powertrain, Hawtai Motor has partnered with Italy based VM Motori S.p.A and the transmission from Germany based ZF Friedrichshafen AG. It is also the only large Chinese automobile power assembly production firm that can claim ownership of these two core technologies.
Celebrating its 18th anniversary in 2018, the company plans to achieve 200,000 units and by 2020 it plans to increase that number to 500,000 unit sales, according to the company chairman Zhang Hongliang. Hawtai Motor sells its vehicles, automotive products, engines and gearboxes in 30 countries around the world.
By targeted B&R, Hawtai Motor has established a manufacturing portfolio across the countries such as Completely Knocked Down (CKD) assembly plants in Russia; Semi-Knocked Down (SKD) assembly facilities in Angola; Knocked Down (KD) arrangements in Brazil, India, Mexico, Thailand, Iran, Vietnam, the Philippines, Egypt, Nigeria, Kenya, South Africa and Columbia. Vehicles are currently being shipped to Australia, Peru, Chile, North Korea and Ethiopia.
Hawtai Motor was the only Chinese homegrown automaker to be invited to CICA Summit held in Shanghai in 2014. Chinese President Xi Jinping and Russian President Vladimir Putin were present at the summit where Hawtai Motor signed $1.1 billion cooperation agreement with Russia’s Derways to supply KD parts for 80,000 complete vehicles to the Russian company.
About Hawtai Motor
Headquartered in Tianjin, Hawtai Motor works in automobile R&D, core components productions, auto manufacturing, auto sales and capital operation. Hawtai Motor has total assets that reach $12 billion and it employees around 7000 employees. It has already reached annual production capacity of 300000 clean diesel engines, 450000 automatic gearboxes and 500000 vehicles.