Weichai Power Heavy Truck Engine Sales continued high growth in January

May 09, 2023

In January 2018, sales of Weichai Group heavy-duty engines, especially heavy-duty trucks, continued to increase rapidly. At present, the dominant position of Weichai heavy-duty engine products in the heavy-duty truck market, the 5-ton loader market, and the passenger bus market of 11 meters or more remains stable. According to reports, since the beginning of this year, the market share of engines for Weichai Heavy Duty Trucks has been continuously increased, and strategic customers such as Shaanxi Automobile, FAW, Futian, Dongfeng, and Beiben have increased in volume; Shaanxi Heavy Industries & Chemical holds the fourth position in the industry, and the industry The sales gap between the top three companies has gradually narrowed.
Weichai Power Heavy Truck Engine Sales continued high growth in January Weichai Power

Weichai Group believes that the Weichai products are more suitable for the Chinese market and the price/performance ratio is obvious. In addition, changes in the product mix will weaken the cyclical nature of the heavy-duty truck industry, and the demand for large-horsepower engines will grow rapidly. The company's 12/13L and larger displacement engines are more advantageous. In addition, Weichai Group has accelerated structural adjustment and continued to build products with cost, core technology and quality competitiveness.

Weichai expects that China’s heavy-duty truck market will continue to be dominated by competition. It will increase R&D investment, focus on supporting the sales of Shaanxi Heavy-duty trucks, foster and cultivate strategic customers, accelerate the landing of Linde Hydraulics in the Chinese market, and develop passenger cars, agricultural machinery, and industrial applications. Such as high-margin vehicles, low competition in the market.

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