Compression ratio

At the mobilization meeting and launch ceremony for the relocation and transformation of enterprises in the old city of Qingdao, Liu Peimin, Chairman of the Special Vehicle Company under the CNHTC Group, emphasized that this relocation represents a crucial opportunity for the company to reposition its business strategy and product focus. He highlighted that the renovation of the new Qingzhuan University has transformed it into China's largest base for the research, development, production, and export of heavy-duty vehicles. Since the restructuring of CNHTC, the Special Vehicle Company has experienced significant growth, moving from producing and selling over 800 units to more than 10,000 annually, establishing a stronger foundation for future development. However, due to limited space, the company has faced challenges such as insufficient capacity, delays in new product launches, and slow project progress—issues that have become major obstacles to further expansion. Currently, the Special Vehicle Company has been identified as one of the first 20 enterprises in Qingdao to begin relocation by the end of the year. At the mobilization meeting, Liu Peimin outlined the company’s comprehensive relocation plan, emphasizing strategic decision-making, seeking government support, implementing favorable policies, selecting suitable locations, and planning scientifically. He also stressed the importance of relocating supporting parts and components manufacturers alongside the main facility, ensuring the stability of staff, and using the relocation as an opportunity to reorient the company’s strategies and enhance innovation and management practices. Through this transformation, the company aims to significantly boost its production capabilities and overall efficiency. The goal is to turn the relocated Qingzhuan Specialized Vehicle Company into the largest domestic center for R&D, manufacturing, and exporting heavy-duty vehicles. The relocation has drawn attention from local leaders in Qingdao. During the event, Yan Qijun, a member of the Standing Committee of the Shandong Provincial Party Committee and Secretary of the Qingdao Municipal Party Committee, met with Liu Peimin. He commended the company’s achievements and encouraged enterprises to seize the relocation opportunities provided by the city to accelerate their development. As a key enterprise in the province, he urged the company to lead by example in the relocation and reconstruction efforts. Liu Peimin expressed his commitment to successfully completing the relocation and driving the company’s growth, contributing to a win-win outcome for the relocation of old enterprises, the city’s industrial restructuring, and the development of the county economy.

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