Benefiting from the revitalization plan and 4 trillion investment, the recovery of the heavy truck industry clearly exceeded market expectations. Analysts believe that China National Heavy Duty Truck Group is expected to become the industry leader.
After investigating the heavy-duty truck listed companies, CICC raised its earnings and sales expectations for heavy-duty truck listed companies. As Sinotruk and Weichai Power become the main beneficiaries of the structural recovery of the industry, their market share is expected to rise from 20. 6% and 12% increase to 27% and 14.5%.
CIIC Automotive Researcher Wang Zhihui stated that heavy truck companies such as China National Heavy Duty Truck Group, Foton Motors, Weichai Power, etc. have seen significant sales recovery. China National Heavy Duty Truck Group's current daily orders are maintained at 700 to 1,000 units. Following February's sales of nearly 10,000 units, sales in March are expected to reach nearly 20,000 units, setting a new monthly sales record. Weichai Power's engine sales in March are also expected to exceed 36,000 units, a positive year-on-year increase.
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