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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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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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February heavy-duty truck sales tank, YTD sales still up

As expected, February heavy-duty truck sales tanked after a “strong” January performance. China sold about 68,000 heavy-duty trucks in February, down 21 percent year-on-year and about 38 percent off the record 109,600 units sold in January. Over the first two months of the year, sales were still up 5 percent to 177,600

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Senior execs weigh in on future prospects of battery electric heavy-duty trucks

Shaanxi Automobile Holding Chairman Yuan Hongming, Dayun Group Chairman Yuan Qinshan and BYD Chairman Wang Chuanfu all see good prospects for battery electric heavy-duty trucks. But with heavy payload and long transport distances, is there a market for such vehicles considering the lack of charging infrastructure and heavy weight and

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Shaanxi Auto announces Strategy 2035: eyes £¤200 billion in annual sales

XI’AN, Shaanxi – Shaanxi Automobile Group Co., Ltd. (Shaanxi Auto), China’s fourth largest heavy-duty truck manufacturer, has released a three-phase Strategy 2035 aiming to exceed ¥200 billion in annual sales revenues by 2035, according to Yuan Hongming, chairman and Party secretary of Shaanxi Auto. Yuan announced the plan on February

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One million heavy-duty trucks twice in eight years: how did top five players fare?

From 2010 to 2017, China’s annual heavy-duty truck sales topped 1 million units twice. In those eight years, FAW Jiefang, Dongfeng, CNHTC, Shaanxi Auto and Foton remained as the top five heavy-duty truck makers. But their market shares over these eight years fared differently.   Top five combined market share

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China heavy-duty truck sales surge 52.38 percent in 2017

China produced and sold 1,149,700 and 1,116,900 heavy-duty trucks in 2017, a surge of 55.07 and 52.38 percent from the previous year, according to statistics released by China Association of Automobile Manufacturers (CAAM) on January 11. Although heavy-duty truck market experienced a decline in the last two months of 2017

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Recap of heavy-duty truck manufacturers’ annual business conferences (I)

It’s late December and that means heavy-duty truck manufacturers’ annual business conferences are in session. Following are highlights from business conferences held by FAW Jiefang, CNHTC, Shaanxi Auto and Beiben. – Editor   FAW Jiefang targeting sales of 264,000 medium and heavy-duty trucks in 2018, 304,000 in total CHENGDU –

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Weichai Group annual sales top ¥200 billion, eyes $100 billion by 2030

JINAN, Shandong – Weichai Holding Group Co., Ltd., China’s leading comprehensive manufacturer of engines, vehicles and equipment, is looking to achieve annual sales revenues of $100 billion by 2030. The announcement was made by Tan Xuguang, chairman of Weichai as well as chairman and Party secretary of parent company Shandong Heavy

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Shaanxi Auto starts construction of new energy vehicle industry base

BAOJI, Shaanxi – Shaanxi Automobile Holding Group (Shaanxi Auto) has started construction of its commercial vehicle and new energy vehicle industry base in Baoji. Shaanxi Auto has set up in Baoji since 1968 and developed rapidly. Since 2017, Shaanxi Auto has entered into the top three in the domestic market.

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