Growth in China’s Truck Industry Continues

Heavy-duty truck sales in China topped one million again this year. This makes China the largest truck market in the world — by far.

That said, it has been a difficult year for the motor vehicle industry in China but the truck industry is strong.

Over 29 million vehicles were produced and sold by China’s automakers in 2017, approximately 25 million were  cars and four million were trucks and buses. Trucks made up most of the commercial vehicles sold last year with 1.1 million heavy-duty trucks and 229,113 medium-duty trucks. This makes China’s truck market three times more than the U.S. truck market.

The top five truck producers include First Auto Works (FAW), Dongfeng, Sinotruk, Shaanxi Auto, and BAIC Foton, companies that are household names in China, but are unknown elsewhere.

Category: General Update, News