Shandong Lingong Chairman Wang Zhizhong: Internationalization of commercial vehicle capital is still early


Shandong Lingong’s production and sales of energy-saving products both exceeded 10,000 yuan, which is one of the important achievements made by the company’s marriage with Volvo. At the "Double Million" celebration, Lin Zhi Group Chairman Wang Zhizhong accepted an interview with NetEase. He said that Linfen not only achieved the goal of selling over 10,000 energy-saving products, but also sold 20,000 units of engineering vehicles in the first half of the year. Basically completed the task of selling 25,000 units throughout the year.

Although Lingong’s business is in a rising trend, they are not in a hurry to expand overseas. Wang Zhizhong told NetEase that foreign expansion should follow steps. The first step is to complete the internationalization of the market, and then the internationalization of products and internationalization of product development. The last is capital internationalization.

At present, China's commercial vehicles are still in the stage of internationalization of the market and internationalization of research and development, and temporary workers are no exception. Previously, the marriage between Shandong Lingong and Volvo was an important step toward product and R&D internationalization.

After marriage between the two parties, Volvo sent experts from different fields to Lincang to provide research and development and production guidance, improved 18 quality problems, and made the Lingong brand's product accident rate lowest in the domestic industry, and gradually joined the international standards. Jointly developed the bridge box project.

The new excavator jointly developed by Linxiang and Volvo on July 22 will also be officially listed. This is another performance of the temporary internationalization of R&D products and R&D.

In terms of the market, Lingong started to sell products using Volvo's overseas channels and achieved preliminary results. In terms of efficiency, the annual output and annual sales of temporary workers are increased by double digits.

At the same time, Wang Zhizhong added that “Chinese enterprises must behave with caution when investing in internationalization.” Only those markets with low labor costs, barriers to the entry of complete machine products, and a stable investment environment are worth investing in.

"Although Chinese companies have not yet gone out of strength, the products of foreign companies have continuously entered China, limiting the development of local Chinese enterprises," said Wang Zhizhong.

Because China did not strictly regulate the displacement of imported engineering products, it led to a large number of machinery that only meets Euro II and Euro III emission levels to enter China. This not only pollutes the environment, but also causes the influx of products from foreign companies. To this end, Wang Zhizhong called for China to study like Europe and impose strict regulations on the export of imported products in order to promote the rapid development of China's domestic enterprises and make its appearance in the international capital market as soon as possible.

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