Economy

Markets

Industries

Insights

Reports

Events

Sinotruck's heavy duty truck hit monthly sales high

(Xinhua)
Updated: 2008-04-05 14:36

China National Heavy Duty Truck Group Corp (Sinotruck), one of the county's largest truck producer, sold a monthly record of 15,000 heavy duty trucks in March.

Sales of heavy duty trucks in the first quarter hit 32,500 units, an increase of 41 percent over the same period of last year, according to the company.

Sales revenue totaled 10 billion yuan ($1.43 billion) in the first quarter, up more than 40 percent year on year.

The company attributed its good sales performance to the efforts on technology improvement and a robust demand from both domestic and overseas markets. Sinotruck has devoted more than 500 million yuan in technology upgrading.

It also admitted that the the company was under the pressures of soaring steel price, and environment protection measures implemented in some overseas markets in Russia, West Asia and Middle East.

Sinotruck said earlier that it aimed to produce 125,000 units of heavy duty truck this year, up from last year's 100,000.

The Jinan-headquartered company is among world's top five heavy truck producers, which exported more than 13,000 units of heavy duty trucks and earned about $400 million in 2007.

Sinotruck establishes its name by manufacturing China's first heavy duty truck named "Huanghe", introducing the "Steyr" series production technology and teaming up with Volvo Automobile Company in producing advanced heavy duty trucks.