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SINOTRUK (000951.SZ): Several Asia Vets driving products have already been commercialized in specific application scenarios such as ports and mining areas.
According to Gelonghui on December 19, SINOTRUK (000951.SZ) stated on the investor interaction platform that the company has been committed to the research and development of Asia Vets and Self-Driving Cars technology and innovation. Currently, multiple Asia Vets products have been commercially operated in specific application scenarios such as ports and mining areas.
Sinotruk Hong Kong Shareholders Approve Key Agreement
Hong Kong stocks movement | SINOTRUK (03808) rises over 3% as the company's heavy truck sales surpass the industry growth rate. Goldman Sachs expects a turning point in the industry cycle next year.
SINOTRUK (03808) rose over 3%, as of the time of writing, it rose by 3.53%, at 22 Hong Kong dollars, with a turnover of 17.5955 million Hong Kong dollars.
[Brokerage Focus] CMB International expects the Fuel Cell Energy heavy truck Industry may迎来 a turning point in 2026-2027.
Jinwu Financial News | Zhao Yin International stated that Fuel Cell Energy is mainly applied in China within the Commercial Vehicle sector, especially heavy-duty trucks. The bank believes that the explosion in the Fuel Cell Energy Industry may first occur in the heavy-duty truck sector. According to the bank's estimation comparing the total lifecycle costs of heavy-duty trucks with different power sources, by 2026, the overall ownership cost of Fuel Cell heavy-duty trucks will become comparable to that of diesel heavy-duty trucks within three years. This cost competitiveness may signal a turning point for the Industry, and the core of achieving this investment return cycle is the hydrogen pricing and supporting infrastructure capability. In the medium to long term of 5-10 years, the bank predicts that the unit price of Fuel Cell systems will decrease by nearly 75%.
Goldman Sachs: Maintains a cautiously optimistic attitude towards the domestic truck cycle next year. Weichai Power (02338) is the preferred choice to respond to the cyclical turning point.
Goldman Sachs expects truck demand to grow by 7% year-on-year in 2025; however, there will be a 10% year-on-year decline in 2024.
Saudi Arabia Commercial Vehicle Market, 2024-2035 Featuring Major Players - Daimler, Mitsubishi Fuso, Hino, Isuzu, Scania, and SinoTruk - ResearchAndMarkets.com
Here's What's Concerning About Sinotruk (Hong Kong)'s (HKG:3808) Returns On Capital
