Huakai-PKC Group Joint Venture Presentation
PKC GROUP
Rationale: Joint Venture Offers Favourable
Growth Opportunities to PKC
China is the world's biggest and growing trucks market
⚫ China totals 32% of the world medium and heavy truck volumes
with 975,000 trucks produced in 2014
•
Annual growth 2015-2018 amounts to 7.9%
• Joint venture raises PKC's market share in China by 8%-points
in 2015
Tighter government regulation and higher customer
demands in China raise wire harness content
•
Truck market transferred from Euro 3 to Euro 4 emission
standards and banned sales of Euro 3 trucks in the beginning
of 2015
• ABS brakes became obligatory in new trucks in the beginning
of 2015
•
End customers and export market require more functionalities
and more customised solutions
• These requirements raise wire harness content and complexity
with sales price impact of +30%. Number of functionalities still
remains about 50% of that in Europe
• PKC provides joint venture with wire harness technology and
knowhow to meet the new market demands
MUMAN
Huakai supplies wire harnesses to
Auman truck, a new truck by Beijing
Foton Daimler Automotive joint
venture
March 30, 2015
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