Heavy-duty dominance: Sinotruk reigns supreme in market share
(chinadaily.com.cn)| Updated : 2023-05-16Print Print
China National Heavy Duty Truck Group, widely known as Sinotruk, continues to make impressive strides contributing to the recovery of China's commercial vehicle market in 2023.
In April, the heavy-duty truck sales data revealed a remarkable sales growth of 90 percent compared to the same period last year, with a total of 83,100 heavy-duty trucks sold nationwide. As the undisputed "double champion" in heavy-duty truck sales volume and market share, Sinotruk maintains its leading position with a market share of 25.5 percent.
Sinotruk's success story extends beyond a single month, as the company retains its industry dominance. Over the first four months of the year, it achieved a cumulative sales volume of 88,800 heavy-duty trucks, securing a remarkable market share of 27.3 percent. These exceptional results reflect the company's unwavering commitment to excellence and customer satisfaction.
A notable accomplishment for Sinotruk is the recent delivery of 300 HOWO-MAX LNG trucks, marking the first batch of a total of 1,000 trucks dedicated to supporting the transportation of coal from Xinjiang.
Moreover, Sinotruk's focus on innovation and excellence shines through its highly acclaimed Yellow River X7 model, which stands out as the heavy-duty truck with the lowest drag coefficient globally, setting new industry benchmarks.
Sinotruk's customer-centric approach is further evident in its "LVO Total Life Cycle Value" concept, offering comprehensive solutions from vehicle procurement to disposal. This unwavering commitment to excellence solidifies Sinotruk's position as an industry leader.
With a rich history spanning 93 years, Sinotruk has played a significant role in the growth and development of China's automotive industry.