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In November, Commercial Vehicle sales reached 0.315 million units, with Foton (600166.SH) exceeding 0.06 million units to maintain the top position.
In November 2024, the sales of Commercial Vehicles in our country were 0.3148 million units, a 6% increase compared to October of this year, while there was a continued decline year-on-year, with a decrease of 14%.
Why Sinotruk (Hong Kong) Limited (HKG:3808) Could Be Worth Watching
Huachuang Securities: In November, autos continued to be hot sellers, bullish on the sales growth of new energy fund in 2024 and 2025.
In August 2024, the overall demand before the subsidy increase did not meet expectations, and the base is not high. Looking at 2025 from a macro perspective, domestic demand is expected to improve, electric vehicles may continue to benefit, and it is expected that in 2025, the wholesale volume of new energy passenger vehicles will reach 15.28 million units, increasing by 26%, with a penetration rate of 53%, which is an increase of 7.1 percentage points.
Benign Growth For Sinotruk Jinan Truck Co.,Ltd (SZSE:000951) Underpins Its Share Price
Sinotruk MC07H National VI high thermal efficiency engine: Technology breaks the deadlock, empowering the transportation industry to reduce costs and increase efficiency.
In today's global auto industry, as it shifts towards efficiency, eco-friendly concept, and asia vets, the efficiency of the logistics transportation industry continues to upgrade, making the efficiency of commercial vehicles imperative. Sinotruk, as a leader in the commercial vehicle sector, again drives forward with leading technology, accelerating the upgrade and iteration of transportation equipment, launching its self-developed MC07H National Six high thermal efficiency engine, providing powerful engine support for diversified transportation scenarios, and accelerating the transformation and upgrading of the logistics transportation industry. With cutting-edge technology enhancing capabilities, power is readily available. Sinotruk navigates with technological innovation, committed to creating cost-effective, strong, and intelligent engines.
In November, China's heavy truck market sales increased by 0.071 million units, up 7% month-on-month, ending five consecutive declines.
According to the preliminary data obtained by the First Commercial Vehicle Network, in November 2024, China's heavy truck market sold approximately 0.071 million vehicles in total (wholesale basis, including exports and new energy), a 7% increase from October, basically flat compared to the same period last year's 0.0711 million vehicles.
Here's What's Concerning About Sinotruk (Hong Kong)'s (HKG:3808) Returns On Capital
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