* Beijing - Truck manufacturers face overcapacity
--- China's truck manufacturers are keeping their eyes on international markets and on production upgrading as ways to deal with the industry's severe overcapacity... "The level of globalization will decide the future of our company", said Ma Chunji, chairman of China National Heavy Duty Truck Group Co Ltd, also known as Sinotruk, the top exporter of heavy trucks. According to him, Sinotruk will export half of its total sales in the future... Zhang Yu, managing director of Automotive Foresight (Shanghai) Co, said both overseas expansion and product upgrading fit the country's current supply-side reform program. He said the truck industry in China will experience dramatic structural changes and product upgrading in the next five years, anticipating the implementation in 2020 of the Nationwide VI emission standard for heavy-duty truck and bus engines...
(Photo from CHINA DAILY - A production line of truck manufacturing factory in Chengdu, capital of Sichuan province) -- Beijing, China - China Daily - August 3, 2016 Labels: truckmakers news China, trucks markets
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