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January-May tractor market: mixed performance among top 10 players

The tractor segment of the heavy-duty truck market has been under a lot of pressure lately. Between January and May 559,000 heavy-duty trucks were sold, up 15.2 percent year-on-year. Tractors accounted for 40 percent of those sales, still the largest segment, but this is 15.9 percentage points lower than the

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DFCV forms Xinjiang subsidiary, eyes sales of 40,000 trucks in 2019

WUHAN, Hubei – Dongfeng Commercial Vehicle Co., Ltd. (DFCV), China’s second largest heavy-duty truck manufacturer, has formed a new subsidiary called DFCV Xinjiang Co., Ltd., according to a meeting held by the new subsidiary on June 1. It was officially announced at the meeting that Dongfeng Xinjiang Automobile Co., Ltd.,

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May heavy-duty truck sales top 110,000 units, one million units likely for 2018

The heavy-duty truck market just witnessed its fourth month of record sales so far in 2018. About 114,000 heavy-duty trucks were sold in May, up 17 percent, while sales through to May topped 560,000 units, up 15 percent year-on-year, according to the latest manufacturer reported data obtained by cvworld.cn. May

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Logistics cost reduction bodes well for truck makers, owners and fleet operators

The Chinese government has moved swiftly this year on many fronts to provide a better market operating environment for both Chinese and foreign enterprises. The reduction in tariffs for imported automobiles and components announced on May 22, for example, came just 42 days after President Xi Jinping said that the country

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Foton announces three-year action plan aiming to become a top three heavy-duty truck maker by 2020

BEIJING – Foton announced its three-year action plan here on May 19 with an aim to become a top three heavy-duty truck maker by 2020. The three-year action plan involves strategic direction, management principles and development measures for Foton’s major businesses.   Strategic direction Foton will continue to enhance its

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XCMG’s 2017 net profit nearly quintuples to £¤1.02 billion as global economic recovery boosts construction machinery demand

XUZHOU, Jiangsu – XCMG, the world’s sixth largest construction machinery manufacturer, said in a statement on May 21 that its net profit in 2017 surged 389.31 percent to ¥1.02 billion, up from ¥208.6 million the previous year, far outpacing the revenue growth of 72.46 percent that the company said in

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HOWO T7H intelligent truck hits market, 200 units ordered at launch ceremony

JINAN, Shandong – CNHTC launched here its HOWO brand’s first-generation intelligent heavy-duty truck, the HOWO T7H, on April 26. The smart heavy-duty truck has two versions for the market at present: The T7H 6x4 heavy-duty truck and the T7H dangerous goods tractor. Shanghai Zhongshi Chemical Logistics Co., Ltd. placed

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