Six Significant Changes Witness the Changes in China's Heavy Truck Market


Heavy truck industry regained high growth In the first half of 2010, the sales volume of mainstream heavy truck companies almost rose across the board, and production and sales volume hit a record high. Sales of FAW Jiefang, Dongfeng Commercial Vehicles and China National Heavy Duty Truck ranked among the top three, with sales exceeding 100,000 units. Among them, Dongfeng commercial truck sales of heavy trucks increased by 252.39% year-on-year, Dongfeng Liu Auto's sales increased by 177.32% year-on-year. In addition, sales of FAW Jiefang Qingdao Automobile Factory and Shaanxi Automobile Group also increased by more than 150%. High growth has become the most obvious feature of China's truck market since the previous China Truck Model Selection.
The monthly auto industry development report released by the China Automotive Technology and Research Center shows that from January to June this year, commercial vehicles produced and sold 2.2027 million and 1.677 million vehicles, an increase of 42.54% and 48.05% over the same period of last year. Among them, truck sales were 661,700, an increase of 29.76% year-on-year; sales of semi-trailer tractors were 172,200, an increase of 237.69% year-on-year; sales of specialty vehicles were 744,500, an increase of 45.97% year-on-year.
In terms of total volume, the commercial vehicle market in the first half of this year showed a clear momentum of rapid growth, and many companies are in a state of saturated production. The rebound in sales of commercial vehicles at the beginning of the year reflects that China’s overall economic situation has basically gone out of the shadow of the international financial crisis and re-entered the track of high-speed and stable operation.
Heavy trucks and new faces continue to emerge during this year's Beijing International Auto Show. The reporter saw the debut of three new companies, namely Shanxi Dayun Automobile Manufacturing Co., Ltd., Taiyuan Changan Heavy-duty Truck Co., Ltd. and Jirui Union Heavy Industry Co., Ltd., and became the market's "spoiler." By".
On October 22, 2009, the new base of Taiyuan Changan Heavy-duty Truck Co., Ltd. was completed and put into operation. The establishment of Chang'an Heavy Duty Truck is an important measure for the China Weaponry and Equipment Group to enter the heavy truck field to participate in the competition. It is also an important project in the adjustment and revitalization plan for the equipment manufacturing industry in Shanxi Province. At this year's Beijing International Auto Show, the models displayed by Changan Heavy Duty Truck are all natural gas heavy trucks, indicating that the company's strategy to enter the heavy truck market is product differentiation.
On October 26, 2009, the Universiade car was officially put into production. After entering the heavy truck industry, Universiade Motors first included the province's market as a priority area for expansion. In the first half of this year, a number of orders for heavy truck users in the province were included in the Universiade.
After Chery Automobile set up a vehicle in the hands of the company, Yuchai, Fast, and Fuhua Heavy Industries were established to set up Juri Heavy Industries Co., Ltd. to enter the heavy truck industry. At this year's Beijing International Auto Show, Ji Rui joint heavy truck officially unveiled. In addition to the entire vehicle, there are important assemblies of partner members, such as the Yuchai YC6K heavy-duty diesel engine, the Fast all-aluminum shell transmission, and the Fuhua Axle.
Chinese and foreign enterprises have stepped up the rapid development of joint ventures and cooperation in China's heavy truck market, while attracting domestic capital, it also attracts foreign auto giants to come to China for gold. In this context, Chinese and foreign truck companies have accelerated the pace of joint ventures and cooperation.
On July 16 this year, Foton and German Daimler negotiated for eight years and signed a joint venture agreement. It is understood that the total investment of the joint venture project is 6.35 billion yuan, and the registered capital is 5.6 billion yuan. A joint venture company with medium and heavy trucks will be established with 50:50 equity. The joint venture period is 50 years. The newly formed joint venture company will produce Foton's existing OM457 engine with the Auman brand medium-, heavy-duty truck and Daimler emissions that meet the Euro V standard. After the project is completed, the total vehicle production capacity will be 100,000, and the engine production capacity will be 45,000. .
It is reported that the joint venture between JAC and NC2 in the United States is now nearing completion. The investment in the joint venture project is 4 billion yuan, which will include two cooperative projects for the production of heavy trucks and engines.
According to Wang Shihong, general manager of Beiben Heavy Duty Truck, the joint venture between Beiben Heavy Duty Truck and Korea’s Hyundai Commercial Vehicles is currently in contact. The specific content is yet to be finalized.

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