Recently, five ministries and commissions including the Ministry of Industry and Information Technology, the Ministry of Public Security, and the Ministry of Communications jointly issued the "Circular on the Implementation of Special Renovation Actions for the Unlawful Refit of Freight Cars," intensifying efforts to crack down on illegal refitting of trucks, and focusing on preventing and curbing illegal violations of trucks from the source. . In the severe investigation of truck overloading and overloaded downstream demand, the heavy truck industry boom will continue to improve.
From the perspective of industry development, with the small growth of the highway logistics market and the implementation of the GB1589 standard and the ultra-super limits policy, the heavy-duty truck market is showing signs of recovery and sales have increased significantly. Last year, heavy trucks produced and sold 714,400 units and 732,900 units a year, an increase of 38.29% and 33.08% year-on-year. In addition, the gradual recovery of commodity prices has stimulated the vitality of market transactions and driven the development of related logistics and transportation industries. At the same time, the integration of the logistics industry and the transformation of high-end and high-efficiency vehicles will also stimulate the heavy truck industry.
The in-depth development of the “Belt and Road†project and the strengthening of international capacity cooperation will bring support to the heavy truck export. At the same time, the Beijing-Tianjin-Hebei coordinated development plan has been implemented, the development of the Yangtze River Economic Belt has been accelerated, a new round of the revitalization strategy of the old industrial base in the Northeast has been implemented, and the promotion of major projects such as the inland waterway and the construction of the city's underground pipeline network will also boost demand in the heavy truck market. According to statistics from the China Association of Automobile Manufacturers, the production and sales volume of the top five manufacturing companies has occupied more than 80% of the market share, and the industry is highly concentrated.
The rapid recovery of the heavy-duty truck industry has enabled related companies to obtain intensive research from institutions. According to statistics from the Shanghai Securities News, Weichai Power has received collective investigations from nearly 10 agencies since November last year, and China National Heavy Duty Truck Corporation has also accepted a number of research organizations.
Weichai Power stated in its investigation that in the future, the company will continue to strengthen its independent research and development, enhance its innovation capability, optimize the development of light weight trucks, and strive to achieve industry-leading standards. From January to October last year, the company sold a total of 186,000 heavy-duty engines, an increase of 24.83% year-on-year. The dominant position of heavy-duty engine products in heavy-duty trucks, 5-ton loaders, and passenger cars over 11 meters is still strong.
China National Heavy Duty Truck Co., Ltd. said in the summary of the interactive survey that since October last year, the heavy-duty truck industry was affected by the special rectification of cargo vehicles by the Ministry of Communications, and demand was strong. Both sales in October and November increased significantly year-on-year, and the current order situation is relatively full. In addition, the country vigorously supports the lightweight development of heavy trucks. The company has also been committed to the layout of light weight, and has adjusted the corresponding materials in various aspects such as fuel tanks, gearboxes, and suspension systems.
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