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First-Mover Advantage Sought in China’s LNG Heavy Duty Truck Market

June 24, 2010 | Source: TradingMarkets.com | China, Beijing

Shaanxi Auto, CNOOC join forces on LNG heavy-duty trucks

Chinese automaker Shaanxi Automobile Group Co. Ltd is reportedly cooperating with the China National Offshore Oil Corporation (CNOOC) on a liquefied natural gas (LNG) heavy-duty truck business, according to a TradingMarkets article which cites 21st Century Business Herald. The report noted that neither party was willing to provide comment or detail, acknowledging only that the LNG vehicle technologies are mature now and that they hope to gainĀ  first-mover advantage in the LNG vehicle market. Shaanxi Auto is responsible for developing LNG heavy-duty trucks for long-distance transportation companies, while CNOOC Gas and Power is expected to ensure LNG supply for the trucks by building LNG stations on their running routes, the report says. Shaani currently has technological cooperation with Germany’s MAN AG to make heavy trucks. The Xi’an based commercial vehicle maker sold 76,000 heavy trucks and buses last year.

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Categories: Business, Infrastructure, Liquefied Natural Gas (LNG), Market Developments | Tags: fueling stations, HD Vehicles, LNG | Comments (0)