Employees of China National Heavy Duty Truck Group who are on vacation received an urgent notice of returning to work as soon as possible in early August. The reason was that product orders soared, and vehicle orders soared from more than 170 vehicles per month last month to 450 vehicles per day. Mid-August The highest daily order is closer to 800 vehicles.
“The market situation is somewhat unexpected.†Li Pengxing, manager of China National Heavy Duty Truck Marketing, said, “Since the switch of the National III standard, due to the overdraft in the first half of the year, the national heavy truck market was in a downturn in July. Some of our production units started to arrange for employees to take a break. I didn't expect the market to take off again in just over a month, especially for our EGR engine products, because of their stable quality, low fuel consumption, easy maintenance, and low requirements for oil products. The order is mainly focused on the assembly of EGR III engines."
The EGR engine is China National Heavy Duty Truck's switch to meet the national emission standards, which took more than two years and invested 200 million yuan to build the State III products. It has complete independent intellectual property rights, which enables China National Heavy Duty Trucks to win development opportunities in the switch of emission standards.
In the first half of this year, China National Heavy Duty Truck Group produced and sold more than 15,000 heavy-duty vehicles for three consecutive months, setting a new record. As of the end of July, 76,000 heavy-duty vehicles were produced and sold. Overcoming difficulties such as the dramatic increase in costs of energy, raw materials, and labor, and achieving a year-on-year increase of over 40% in major economic indicators.
“Originally we judge that the domestic market may not start until September. To cope with the possible downturn in the domestic market in the second half of the year, we will place most of the international orders in the first half of the year in the second half of the year. These orders will be released gradually in the coming months. But entering After August, the market was somewhat unexpected: first, international orders rebounded, and second, the domestic market started ahead of schedule. As of August 15, the Group’s total orders for the month were 6,292, and it was accelerating, with average daily orders exceeding 15 days later. 450 vehicles. Currently the group company has been fully launched to meet the arrival of the production and marketing of the big month.†Li Pengxing said.
“Independent innovation is a strategic measure for Sinotruk to maintain its market advantage. It is precisely because of a series of product innovations that ensures our competitive advantage. The goal of production and sales in August is to ensure 10,000 vehicles. At present, the annual production and sales of heavy-duty vehicles ensure 125,000. The goal of exporting 20,000 full-vehicle vehicles is expected to be achieved smoothly,†said Cai Dong, president. “From the end of this year to the beginning of next year, we will also have a series of new products that can subvert the existing market structure, and thus bring China's heavy truck industry Into a new technology platform, on the one hand, it will widen the gap with domestic competitors and ensure the company’s leading domestic advantages, while narrowing the gap with the world’s advanced level.We are confident that we will catch up with the international advanced level within a few years to make China more important. Steaming creates a truly international multinational corporation."
View related topics: China National Heavy Duty Truck Breaks Monthly Sales Record for National Heavy Truck Industry
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