SITRAK Developed from a partnership agreement between Sinotruk, China, and premium well-known leading German truck manufacturer. Sinotruk showcased the new brand’s first product, the SITRAK T7H, at their joint trade fair stand in Shanghai. The brand first went into production in 2011.
Sinotruk and its German partner have cooperated on two levels: provision of capital and transfer of technology and management expertise. Sinotruk’s German partner invested €560 million in Sinotruk in 2009 and has a direct interest in the Chinese manufacturer with a 25% stake plus one share. The transfer of technology and management expertise is based on a contract signed by both partners regarding the granting of technology licenses.