Sinotruk's goal is to rank among the world's top three truck manufacturers (calculated on a production basis) in 5-10 years, highlighting the growing ambitions of Chinese industrial companies to become global leaders.
Pan Qing, executive director of China National Heavy Duty Truck, told the media that China National Heavy Duty Truck has surpassed Tata Motors of India (Tata) this year to become the world’s fourth-largest car manufacturer and is currently seeking to narrow down with Germany’s Daimler and two domestic competitors. The gap between FAW and FAW. Daimler is the world's largest truck manufacturer. Pan Qing said at the Hanover Truck Expo: “China National Heavy Duty Trucks hopes to become one of the top three truck manufacturers in the world in 10 years — I think it takes 5 to 10 years.â€
According to data from Global Insight, a market research organization, Sinotruk asked 125,000 trucks last year, ranking among the world's fifth-largest heavy truck manufacturers and ranking behind Tata.
Pan Qing also said that Sinotruk currently produces medium and heavy trucks, but plans to expand the product line to a full range of commercial vehicles, including light trucks and buses.
The ambitions of Sinotruk highlight that more Chinese industrial companies are eager to become global leaders. For example, the telecommunications group Huawei ranked first in the world for patent applications in 2008, which is usually the position occupied by established companies such as Philips and Siemens. China has dominated the global truck market and has occupied three seats among the top five truck manufacturers. Dongfeng is the world's second-largest truck manufacturer. It produced 193,000 trucks last year, after Daimler (229,000). China FAW Group, another large truck manufacturer in China, ranked third and produced 182,000 units. More than half of the trucks sold worldwide this year will be produced in China.
Andreas Rensler, head of Daimler's truck division, disagreed with the company's leading position in the medium- and heavy-duty truck sector. Rensler said: "If others say that they want to be the boss of the truck market over 14 tons, then I will not take it too seriously, because he will not succeed." Industry experts said that the Chinese truck in terms of quality and price It cannot be compared with commercial vehicles in developed countries. Usually, the price of a heavy truck in China is about one-fourth that of Western European trucks (priced at 80,000 euros).
The consulting company AlixPartners general manager Vincent Schweigman said: "China can not yet meet strict European emission standards, which will temporarily protect local truck manufacturers." However, Schwegman stated that Western truck manufacturers do not Should underestimate the fierce competition they face in emerging markets. Schwegman said: "China's truck manufacturers have expanded significantly in the Middle East, North Africa and Southeast Asia. The share of these regions in the global market will be reshuffled in the coming years."
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