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Mar 30, 2015

TRUCKMAKER NEWS * China: Sinotruk's

* Shandong - Sinotruk to enter developed markets with high-end vehicles
 -- China National Heavy-Duty Truck Group Co, the nation's largest heavy truck exporter, is striving to expand its business into overseas high-end markets and make itself a top player in the sector worldwide... Sinotruk is also stepping up efforts to develop environmentally friendly heavy trucks aimed at high-end markets... The company produced engines that meet the Euro V emission standards in 2011 and got orders to export Euro V heavy-duty trucks to Brazil, Hong Kong and Taiwan... Sinotruk aims to increase the share of its exports of vehicles to 30 percent of the total, up from the current 20 percent, he said...
In 2009, Europe's leading heavy commercial vehicle maker MAN SE, owner of the Man brand, bought a 25 percent share and one stock share in Sinotruk Hong Kong and signed an agreement to transfer some advanced technologies to the Chinese truck maker... Sinotruk aims to increase the share of its exports of vehicles to 30 percent of the total, up from the current 20 percent... (Photo from China Daily: Sinotruk sold heavy duty trucks to the Republic of Kazakhstan) -- Beijing, China - China Daily/Xinhuanet - 27 March 2015

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