SAIC-IVECO HONGYAN Commercial Vehicle Co., Ltd. whose precursor is Chongqing Hongyan Motor Co., Ltd. is a heavy vehicle joint venture invested and re-grouped by SAIC-IVECO Commercial Vehicle Investment Co., Ltd. and Chongqing Heavy Vehicle Group.
The former of company, Sichuan Truck Plant, with 40 years of history, which was authorized by State Council in the 1960s to introduce the technology of French Berliet military truck, is the earliest military heavy all-through truck manufacturing base in China. Through introducing the Berliet technology and Steyr technology, company owns the Hongyan brand and gains the right to use Steyr Brand, 25 series, more than 1000 varieties, ranging from 5-ton to 60-ton truck. Now company is in Top 500 China Industrial Enterprises and Top 100 China Enterprises of Mechanical Industry.
In 1985, Chongqing Hongyan Motor Co., Ltd. pioneered the industry to partnership with a famous Austrian truck maker - STEYR and soon after had successfully manufactured the first Chinese-made STEYR heavy-duty truck
On September 18th, 2006, under the common witness of two countries premiers, Italy and China, share holders signed the “SAIC-IVECO Commercial Vehicle Investment Co., Ltd. and Chongqing Heavy Vehicle Group Heavy Vehicle Strategic Cooperation Agreement”; on June 15th, SAIC-IVECO HONGYAN Commercial Vehicle Co., Ltd. was established which opens the new leaf of joint venture.