Heavy truck exports are mainly concentrated in Southeast Asia and African countries. The high proportion of exports to Eastern Europe in 2022 is mainly due to Russia’s contribution. Under the international situation, the supply of European trucks to Russia is limited, and Russia’s demand for domestic heavy trucks is growing rapidly. Russia’s heavy truck export sales were 32,000 units, accounting for 17.3% of export sales in 2022. Russia’s heavy truck export sales will further increase in 2023, with export sales of 108,000 units, accounting for 34.7% of export sales.
It is understood that Weichai Power has a competitive advantage in the field of natural gas heavy truck engines, with a market share of about 65%, ranking first in the industry. At the same time, thanks to the development in recent years, the overseas market is currently at a historical high, and the export scale remains at a high level.
Based on driving factors such as the domestic macroeconomic situation continuing to improve, overseas market demand remaining high, industry update needs, the important position of heavy trucks in logistics and transportation, and its own efficiency advantages, Weichai Power has optimistic expectations for the performance of the heavy truck industry in the next few years. , believes that the sales volume of the heavy truck industry is expected to reach more than 1 million units in 2024.
Post time: Feb-28-2024
