China National Heavy Duty Truck Maintains Industry Lead with Record Sales and Strategic Focus on Intelligent Driving

In the first half of 2024, China National Heavy Duty Truck (CNHTC) continued to lead the heavy truck industry, and with sales of 139,400 units and a market share of 27.63%, the company won the first place in the first half of 2024 in terms of sales of heavy trucks and market share.

August 8 news, an investor in the interactive platform to China National Heavy Duty Truck asked questions related to intelligent driving, the company replied that it has been committed to intelligent driving and driverless truck technology research and development and scientific and technological innovation, and with the help of the R & D strength of the Heavy Duty Truck Group Corporation for the development, production and sales of intelligent driving heavy truck products, there are now a variety of intelligent driving products have been in the port, mining areas and other specific application scenarios to achieve commercialized operation.

On January 5-6, 2024, at the 2024 Partner Conference of China National Heavy Duty Truck Group (CNHTC), Tan Xuguang, Secretary of the Party Committee, Chairman of the Board of Directors and General Manager of Shandong Heavy Industry Group (SHIG), and Chairman of CNHTC, announced the performance of CNHTC in 2023 as well as the strategic direction of its future development.In 2023, CNHTC will In 2023, China National Heavy Duty Truck Group (CNHTC) will win the “double first” in heavy truck sales and market share, and realize an operating income of RMB 173.1 billion, an increase of 44% compared with that of 2022; a total profit of RMB 7.5 billion, an increase of 191% year-on-year; an industrial value-added of RMB 19.1 billion, an increase of 42% year-on-year; and the sales of 335,000 complete vehicles and machines, an increase of 36% year-on-year. Tan Xuguang believes that China National Heavy Duty Truck Group has achieved the above results thanks to the synergistic development of the whole industry chain, innovation and sharing, as well as going to sea together. According to the data released by the First Commercial Vehicle Network, the heavy truck market in the first quarter of 2024 is expected to realize double-digit year-on-year growth. In the face of the possible decline in momentum in the international market, pressure from domestic structural adjustment, and low purchasing power of customers in 2024, China National Heavy Duty Truck Group (CNHTC) has formulated a new direction of strategic development, which is “based on digitization and intelligence, to seize the future, and to build the industry's optimal service and guarantee ecology”, and it will focus on the life cycle of the products, operation efficiency, driving experience, technology and environmental protection. It will make efforts in terms of product life cycle, operation efficiency, driving experience, technology and environmental protection to accelerate its entry into the global high-end market and realize the new goal of “optimal value of the whole life cycle of products”.