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Crane lorry sales plummet to 4,937 units in 2015

BEIJING – Crane lorries, or trucks with loading cranes, witnessed sales decline of 23.5 percent to 4,937 units in 2015, accounting for 3.3 percent market share of the special-purpose vehicle market. Gloomy macro economy, underdeveloped market, low R&D capability, product homogeneity, key parts technology shortages, and unprofessional chassis have all

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Truck specialization to reach 70 percent by 2015

BEIJING – China’s truck specialization, or special-purpose vehicles as a proportion of total trucks (including chassis) produced, is expected to reach 70 percent by 2015, according to the 12th Five-Year Development Plan for the Special-Purpose Vehicle Industry recently drafted by China Association of Automobile Manufacturers Special-Purpose Vehicle Branch (CAAM-SPV). According

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Sany Auto Finance opens for business

CHANGSHA, Hunan – Sany Auto Finance Co., Ltd., China’s first automotive financing company dedicated to the country’s engineering machinery and equipment industry, officially opened for business here on December 8, 2010. The new company has registered capital of ¥800 million ($120.5 million) and will mainly provide retail and wholesale credit,

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