China National Heavy Duty Truck Chills out in the Cold


Although the current international financial crisis has not yet bottomed out, with the successive launch of a series of engineering investment projects in the central and local areas, the domestic heavy truck market has recently begun to show signs of recovery. In particular, stimulated by the demand for engineering vehicles, CNHTC Group's production started quickly and performed well in the domestic heavy truck industry. In January, more than 4,000 vehicles were sold and sold, which was a year-on-year decline. However, the market share increased to 37.64%, up 17% year-on-year, and ranked first in domestic heavy truck sales. In February, as orders continued to increase, production plans were changed from 8,500 to 9,500. Recently, daily orders have increased to 700 or so, which is far higher than the number of orders with a minimum of 100 units in January. In March, the planned production increased to 16,500 units. Judging from the production and sales status of the CNHTC Group, the trough should be January; however, from a national perspective, the heavy truck market in China has not yet bottomed out, and its production and sales are still negative year-on-year. The CNOOC Group took the lead in warming up, benefiting from its own advantages created by the innovative development of the company over the past eight years since reform and reorganization, and the product advantages based on technological innovation have become the core competitiveness of the CNHTC Group. In the past eight years, CNHTC has always adhered to the strategy of technological leadership, continuously increased investment in product R&D and technological innovation, and continuously improved its ability to continuously innovate.

Up to now, it has formulated 24 industrial standards for the country, and has also undertaken more than 20 national, provincial and municipal scientific and technological projects. Among them, there are one national 863 plan project and two state-level science and technology support projects, and eight provincial and municipal science and technology progress awards. A total of 1,090 patents were applied for, of which 940 were granted patents, and the number of patents continued to be the No. 1 position in the national automotive industry. In 2008, more than 3 billion yuan was invested in new technological reforms, making the equipment capacity reach the highest level in the country. This directly reflected a significant increase in product quality. The after-sales service rate was reduced by 40% in the previous year, and decreased by another 48% last year.

In that year, CNHTC took the lead in the development of an EGR engine that meets the National III emission standards, making the Group take the lead in the conversion of domestic environmental emission standards. The A7 series products launched in the context of the financial crisis are the result of the deep digestion and absorption of international advanced technologies and independent research and development of complete vehicle assembly matching technologies by CNHTC. In the face of the financial crisis, CNHTC did not lay off staff and did not reduce its pay, but took a series of measures to respond positively. In the face of the current market situation, China National Heavy Duty Truck Group will firmly establish three confidence: First, to firmly believe in the market and demand. The state proposed to base itself on expanding domestic demand, vigorously support the development of key industries, launched a revitalization plan for the automobile industry, and quickly launched a number of key infrastructure projects. With the implementation of highway and railway construction, modern logistics industry, energy-saving emission reduction projects and people's livelihood projects in place, it will certainly bring new opportunities for the development of the heavy-duty truck industry. The second is to strengthen the confidence of the country’s macro-control. The central government’s series of policies for expanding investment are fast-paced, heavy-weighted, quasi-measured, and practical. Within four years, 4 trillion yuan of domestic demand expansion projects are gradually being launched, which will stimulate provinces and cities to promote economic development and expand domestic demand. Total funding will exceed 180,000 yuan. 100 million yuan. Moreover, the refined oil price and taxation reforms are all favorable factors for stimulating consumption in the heavy truck market. The third is to strengthen the confidence in the development of the heavy truck industry. At present, about 70% of heavy-duty vehicles are in the eastern part of China. With the gradual implementation of China's western development, the western market has huge room for development. In terms of exports, the CNHTC products are currently mainly in developing countries. These countries are less affected by the international financial crisis and their infrastructure construction tasks are heavy. These have brought market opportunities for overseas heavy-duty trucks. The global financial crisis has had a major impact on China's economy. This will lead to deep structural adjustments and industrial upgrading. This has also given companies a good opportunity for reorganization and development. CNHTC lost no time in accelerating the pace of mergers and acquisitions and reorganized two conversion plants, Liuzhou Yunli Special Vehicle Company and Hubei Huawei Special Vehicle Company, to achieve 60% of the holdings. By accelerating the industry consolidation, especially the reorganization of auto parts companies, we will strengthen technological improvement, expand our leading edge, and enhance our company's strength so as to become bigger and stronger. In 2009, CNHTC Group strived to realize the production and sales of 125,000 heavy-duty vehicles, ensuring that production and sales increased compared to last year.
View related topics: China National Heavy Duty Truck Breaks Monthly Sales Record for National Heavy Truck Industry


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