China’s Sinotruk exports over 20.000 trucks

Reading Time: < 1 minute

News like this to your inbox or phone?

Weekly summary to your inbox

Never miss and important news

Get Instant notification once the news is published.

- Advertisement -

China’s largest heavy-duty truck maker Sinotruk has maintained growth in its exports this year despite shrinking overseas demand due to the eurozone debt crisis, the company said.

The Jinan-based truck manufacturer has clinched export orders for more than 20,000 heavy-duty trucks, making it the largest exporter of the vehicles in the country.

- Advertisement -

The company said Southeast Asian countries have become a major export destination for its vehicles, while other overseas markets like Central Asia, South America and Africa all witnessed steady growth last year.

Although production and sales of heavy-duty trucks dropped in 2011, export business remained brisk, the company said. Last year, the company exported 20,852 vehicles, up 56 percent from 2010. Exports revenue rose 82 percent year-on-year to $610 million in the year.

- Advertisement -

In contrast, production of heavy-duty trucks in 2011 totalled 86,000 units in 2011, down 35 percent from the previous year. Sales also dropped 8 percent to 100,600 units.

So far, Sinotruk has established six overseas assembly plants with an annual capacity of 30,000 heavy-duty trucks. The Hong Kong-listed company also announced plans to build factories in Brazil and Indonesia.

Via: ChinaDaily.

- Advertisement -

- Advertisement -

New Chinese EVs marketplace with the lowest prices & worldwide shipping.

- Advertisement -


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisement -