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Sinotruk’s 2021 heavy-truck business set a record.

In 2021, China National Heavy Duty Truck Group continued to streamline its marketing mechanisms in the heavy‑truck sector. While strengthening its domestic market presence, it actively participated in the Belt and Road Initiative, surmounted pandemic‑related challenges to deepen its foothold in international markets, and leveraged its robust capabilities to achieve one success after another. Let’s take a look at the “eight firsts” that China National Heavy Duty Truck Group attained in its heavy‑truck business in 2021.

Release Date:

2022-01-04

In 2021, China National Heavy Duty Truck Group continued to streamline its marketing mechanisms in the heavy‑truck segment. While strengthening its domestic market presence, it actively participated in the Belt and Road Initiative, leveraging its robust capabilities to penetrate international markets despite the challenges posed by the pandemic—and reaping one success after another. Let’s take a look at the “eight firsts” achieved by CNHTC’s heavy‑truck business in 2021:

First, China National Heavy Duty Truck Group’s heavy-truck business recorded the largest market-share growth in the industry. In 2021, its share of the heavy-truck market increased by nearly 3 percentage points, making it the second-largest player in the industry.

Second, in the second half of the year, its monthly sales consistently remained number one in the industry. As the industry’s overall size contracted sharply after the start of the second half, China National Heavy Duty Truck Group leveraged its well-balanced domestic and international business footprint, a diversified product portfolio, and lean corporate management capabilities, thereby highlighting its strong resilience to risks and market volatility. It has now achieved this for consecutive… Achieved industry leadership in just five months.

Third, continuously In 2017, the company ranked first in China’s heavy-truck export sector, accounting for more than 50% of the nation’s total heavy-truck exports, and its influence in the global market has been steadily growing.

Fourth, the share of tractor units increased at the fastest rate in the industry. In 2021, China National Heavy Duty Truck Group ranked second in the domestic tractor‑truck market, with its market share increasing by 1.7 percentage points year over year, and it maintained a commanding lead in the medium- and long-haul multimodal transport segment.

Fifth, freight vehicles posted the highest growth rate in the industry. In 2021, China National Heavy Duty Truck Group achieved domestic sales of nearly 30,000 heavy-duty trucks, up 89% year over year. Its market share more than doubled, and the company moved up one spot to rank among the top four in the industry. The Shandeka single‑axle delivery truck, the Howo TX refrigerated transport vehicle, and the Howo N‑series for bulk and general cargo have become star products in their respective niche segments.

Sixth, the concrete mixer truck business remains the industry leader. In 2021, China National Heavy Duty Truck Group captured a 38% market share in the concrete mixer truck segment, successfully transitioned to both China V and China VI‑compliant products, and introduced its intelligent connected pump system, continuing to lead product innovation in the industry. 。

Seventh, China National Heavy Duty Truck Group maintains its industry-leading position in high-end specialized vehicles such as emergency rescue vehicles. The company continues to hold a commanding market share in segments including fire trucks, concrete pump trucks, television broadcasting vehicles, and oilfield operation vehicles. In October, China’s first snow‑waxing vehicle with fully owned intellectual property—the Yellow River X7 hydrogen fuel cell snow‑waxing truck—was delivered to the General Administration of Sport of China, marking a milestone of “China’s first, world‑leading, and entirely domestically produced.” This achievement underscores Sinotruk’s robust capabilities in specialized vehicle R&D and design. As the Group places increasing emphasis on specialized vehicles, and following the establishment of its Specialized Vehicle Division, such vehicles are poised to become a key driver of future growth for Sinotruk.

Eighth, AMT transmission sales rank first in the industry. Thanks to extensive model iterations and accumulated data, China National Heavy Duty Truck Group’s AMT products demonstrate significantly superior operational adaptability compared with other domestic competitors. By leveraging the differentiated advantages of its S‑AMT platform, the company has achieved nearly 40,000 units in AMT sales, capturing a 38% market share and securing the top position in the sector.

In November, natural-gas-powered heavy-duty trucks recorded actual sales of 2,244 units, up 30% month-over-month but still down sharply year over year, marking the ninth consecutive monthly decline.

New-energy heavy-duty truck sales soared in December!

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