智通财经APP获悉，乘联分会秘书长崔东树发文称，根据国家金融局交强险数据，国内商用车交强险数据的2025年商用车强势增长。2024年新能源商用车 销量57.9万台，同比增长84%；2025年7月份新能源商用车销量达到7.3万台，同比增长55%，环比降3%。在2024年末政策翘尾后，2025年1月新能源表现相 对较弱，2-7月销量同比暴增，1-7月销量累计达到43万台，同比增长57%。 由于新能源车强势增长和政策促进车辆更新，7月商用车国内销量实现25万台，同比增13%，环比降3%。2025年1-7月商用车国内销量实现177万台，同比 增长7%，相对于2022年以来的商用车平稳期，今年创出近几年新高的良好水平。 换电商用车主要是场地重卡类产品出现爆发增长。2025年1-7月换电重卡销量达到2.64万台，增197%。7月换电重卡销0.44万台，增速172%。 从2019-2021年，整个新能源商用车的渗透率在3%左右水平，2022年达到9%，2023年达到11%，2024年全年达到20%，2025年1-7月就达到渗透率24%的良 好水平，体现了新能源商用车强势增长良好态势。2025年7月商用车新能源渗透率29%， ...

Core Viewpoint - The medium truck market in China has experienced a continuous decline, with a cumulative sales drop of 15% in the first half of 2025, and July 2025 showing a year-on-year decrease of 19% in sales, raising concerns about the market's recovery potential [1][3][19]. Group 1: Market Performance - In July 2025, the total truck market (including chassis and tractors) sold 264,400 units, a month-on-month decrease of 16% but a year-on-year increase of 14% [3]. - The medium truck segment sold 8,642 units in July 2025, marking a month-on-month decline of 14% and a year-on-year decline of 19%, continuing a trend of five consecutive months of decline [3][9]. - Cumulatively, from January to July 2025, the medium truck market sold 68,200 units, a decrease of 16% compared to the previous year, ranking third in the last five years [5][14]. Group 2: Company Performance - In July 2025, the top ten companies in the medium truck market had a combined market share of 98.01%, with the top five companies accounting for 80.46% [12]. - Jiefang maintained its position as the sales champion with 2,715 units sold, capturing a market share of 31.42% [12]. - Companies such as Heavy Truck, Dongfeng, BYD, and Shaanxi Auto saw year-on-year sales increases of 81%, 13%, 92%, 24%, and 214%, respectively, while some companies experienced significant declines, with one company reporting a 70% drop [10][16]. Group 3: Market Trends - The medium truck market has shown a fluctuating trend over the past five years in July, with sales peaking at 11,300 units in July 2021, followed by significant declines in 2022 and a recovery in 2023 and 2024, only to fall again in 2025 [5]. - The cumulative sales from January to July 2025 indicate that Jiefang, Jianghuai, Heavy Truck, and Dongfeng each hold over 10% market share, with Jiefang leading at 30.66% [17]. - The overall market sentiment remains cautious, with questions about when the current decline will end and whether a recovery is possible in the latter half of 2025 [19].

Core Viewpoint - The article discusses the sudden ban imposed by Russia on several Chinese truck brands, highlighting the rapid rise of Chinese trucks in the Russian market and the subsequent protective measures taken by the Russian government to safeguard its domestic manufacturers [3][6][16]. Group 1: Rise of Chinese Trucks in Russia - Before the Russia-Ukraine conflict, Chinese trucks were marginal in the Russian market, with foreign brands holding a 43.9% market share in 2021, while Chinese trucks had negligible presence [10]. - The market dynamics shifted dramatically post-conflict, as Western truck manufacturers exited Russia, leading to a surge in Chinese truck market share from less than 4% in 2022 to 58.3% in 2024 [13]. - In 2024, Chinese heavy-duty trucks like Shacman and Dongfeng achieved significant sales, with Dongfeng's sales increasing by 99.8% compared to the previous year [14][11]. Group 2: Russian Government's Response - The Russian government has implemented a series of protective measures against Chinese trucks, including increased recycling taxes and stricter import regulations, which began to take effect in 2024 [18][20]. - The ban on several Chinese truck models was justified by claims of safety defects and non-compliance with new regulations, despite the absence of prior complaints or incidents [5][22]. - The new regulations create significant barriers for Chinese manufacturers, including mandatory local testing and certification, which can take up to 12 months and double the costs [18][20]. Group 3: Future Implications and Strategies - The article suggests that the Russian government's actions reflect a deeper concern over technological dependency on Chinese components, particularly in military logistics [17]. - Chinese truck manufacturers are encouraged to localize production in Russia to mitigate the impact of these regulations and maintain market presence [25][29]. - The competitive landscape is expected to evolve, with Chinese companies needing to enhance their service networks and technological capabilities to adapt to the changing market dynamics [27][29].

格隆汇8月14日丨中国重汽(03808.HK)公布，公司将于2025年8月27日召开董事会会议，以（其中包括） 审议及通过集团截至2025年6月30日止六个月的中期业绩及其发布，以及审议派发中期股息的建议（如 有）。 ...

齐鲁晚报·齐鲁壹点 吴海云 还记得那位 风雨践诺19年 坚持偿还乡亲近百万欠款的 "信义老农"陈廷海吗？ 最近 他收到一份特别的暖心礼物 一辆崭新的中国重汽轻卡！ 图片来源：人民日报 因为诚实守信 2022年陈廷海当选"中国好人" 2024年被评为第九届 湖北省道德模范诚实守信模范 2025年获第九届全国道德模范提名奖。 向榜样致敬 中国重汽为信义精神"加码" 今年7月 当地爱心企业及人士 在了解到陈廷海的困境后 毅然伸出援手 决定向他捐赠一辆中国重汽轻卡 中国重汽闻讯 决定为陈廷海这台豪沃轻卡提供 整车终身质保及终身免费保养服务 扫除后顾之忧。 百年品质承诺 铸就诚信"金招牌" 被问为什么选择中国重汽时 陈廷海说道： "我们当地运粮的多， 路上跑的大多是中国重汽的车， 口碑好，本地人都认可， 所以直奔中国重汽经销商， 选了这台豪沃轻卡。" 图片 来源：人民日报 中国重汽近百年发展历程中 "诚信" 是刻在骨子里的基因—— 对品质的可靠承诺 对用户的责任担当 恰与陈廷海用半生诠释的 "信义" 不谋而合。 用重汽好车，助力"中国好人" 为这位"信义老农"的履约之路 陈廷海家中的"信义"墙 中国重汽始终坚持 "客户 ...

承董事會命 中國重汽（香港）有限公司 董事長 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示概不對因本公告全部或任何部分內 容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 董事會 會議通告 中國重汽（香港）有限公司（「本公司」）董事會（「董事會」）謹此通告，董 事會將於 2025 年 8 月 27 日（星期三）在中國山東省濟南市高新區華奧路 777 號 本公司會議室舉行董事會會議，以商討下列事項： 劉正濤 中國．濟南，2025 年 8 月 14 日 於本公告日期，本公司董事會包括本公司七名執行董事，為劉正濤先生、劉偉先生、李霞女士、 韓峰先生、趙華先生、王德春先生及韓星女士；本公司三名非執行董事，為程廣旭先生、Karsten Oellers 先生及 Mats Lennart Harborn 先生；及本公司六名獨立非執行董事，為王登峰博士、 趙航先生、梁青先生、呂守升先生、張忠先生及劉霄侖博士。 1 1. 考慮及通過本公司及其附屬公司（「本集團」）截至 2025 年 6 月 30 日止 未經審核中期業績，及通過將本集團未經審核中期 ...

Core Viewpoint - The establishment of a joint venture between Sinotruk and local partners in Kazakhstan aims to enhance local production capabilities and create job opportunities while utilizing local resources [3][5]. Group 1: Joint Venture and Production Capacity - A new company, Saran Machinery, has been officially established to produce commercial vehicles in Kazakhstan, supported by the government [3]. - The joint venture is located in the Karaganda region and has an annual production capacity of 10,000 units, including HOWO trucks [3]. - The factory will feature modern technology, including Kazakhstan's first electrophoretic metal processing production line, enhancing corrosion protection and extending equipment lifespan [3]. Group 2: Localization and Employment - The company emphasizes localization by planning to use galvanized steel body parts produced by the Qarmet Metallurgical Plant, which will leverage local raw materials [3]. - The project is expected to create up to 1,000 jobs, contributing to local employment [5]. Group 3: Equipment Delivery Timeline - Under the support of the Kazakhstan Industrial Development Fund, the technical equipment will be delivered in phases between 2025 and 2026 [5]. - Chassis and cab assembly equipment is scheduled for delivery in October 2025, while painting and welding equipment will arrive in the second quarter of 2026 [5].

Core Viewpoint - The rapid growth of China's new energy heavy truck market is evident, with a cumulative sales increase of nearly 80,000 units in the first half of 2025, marking a year-on-year surge of 186% and achieving a "29 consecutive months" growth trend [1][5][12] Group 1: Market Trends - The new energy heavy truck market has seen a doubling growth in 16 months since 2024, indicating a strong and irreversible development momentum [1] - The penetration rate of new energy in the heavy truck market reached approximately 22.3% in the first half of this year, with pure electric trucks accounting for nearly 22% [11] - The market for long-distance transportation, which exceeds 500 km, represents over 50% of the heavy truck market, with an annual demand exceeding 560,000 units, presenting a significant opportunity for new energy heavy trucks [12] Group 2: Challenges and Solutions - Despite the growth, challenges remain, particularly in the long-distance trunk transportation sector, where issues such as short range, low refueling efficiency, and inadequate infrastructure persist [12][14] - The "supercharging and quick swapping" initiative aims to address the refueling efficiency of electric heavy trucks by creating a comprehensive infrastructure system that combines high-power charging and battery swapping technologies [16] - The construction of a "charging, swapping, and supercharging" network is proposed to reduce investment pressure on operators by utilizing existing power facilities and upgrading them to meet diverse refueling needs [17] Group 3: Industry Collaboration - A recent high-level seminar in Tianjin brought together representatives from various authoritative institutions and over 40 related companies to discuss breakthroughs in electric heavy trucks for long-distance transportation [3] - The initiative emphasizes the importance of collaboration among industry players to establish a unified, efficient, and economically viable refueling network for heavy trucks [15][19]

7月重卡销8.49万辆同比大增46%，喜提"4连增" 第一商用车网最新获悉，根据中汽协数据(企业开票数口径，非终端实销口径，下同)，2025年7月份， 我国卡车市场(含底盘、牵引车)共计销售26.44万辆，环比6月份下降16%，同比增长14%。这其中，重 型卡车市场(含底盘、牵引车)7月份销售8.49万辆，环比下降13%，同比增长46%，同比增幅较上月扩大 9个百分点(2025年6月份重卡市场同比增长37%)，重卡市场这一轮的连增势头扩大至"4连增"。 通常来讲，7月份是重卡行业的销售淡季，过去十年(不包括2025年)7月份重卡平均销量约7.08万辆，但 自2022年起，连续三年7月份销量都不足7万辆。 由近五年7月份重卡销量及增幅走势图可见，最近五年7月份的重卡市场仅有两年实现增长，其中就包括 2025年7月份。在连续三年7月份销量都明显低于历史平均水平后，2025年7月份重卡销量不仅再次超过7 万辆，8.49万辆也创造了最近五年7月份的最高销量，如果把时间线拉长到近十年来看，则是十年第三 高的7月份。 TOP5月销破万辆，重汽超2万，福田/徐工等翻倍涨 2025年7月份重卡市场同比增长46%，同比增幅较上 ...

Core Viewpoint - In July 2025, the heavy truck market experienced a significant year-on-year sales increase of 46%, while the tractor market grew by 29%, continuing to lag behind the overall heavy truck market performance [1][25]. Market Performance - In July 2025, the total sales of heavy trucks reached 84,900 units, a month-on-month decrease of 13% but a year-on-year increase of 46% [4]. - The tractor market sold 42,800 units in July, reflecting a month-on-month decline of 12% and a year-on-year growth of 29%, which is lower than the overall heavy truck market growth [4][10]. - The tractor market's year-on-year growth rate decreased slightly from 31% in June to 29% in July [10]. Historical Trends - Over the past five years, July tractor sales have shown a pattern of decline followed by growth, with July 2025 marking the highest sales in five years at 42,800 units, an increase of nearly 10,000 units compared to July 2024 [6]. - Cumulatively, from January to July 2025, tractor sales reached 313,000 units, marking the second-highest total in five years, with a 5% increase compared to the same period in 2024 [8][17]. Company Performance - In July 2025, the leading company in tractor sales was China National Heavy Duty Truck Corporation (重汽), selling 10,800 units, capturing a market share of 25.13% [12][15]. - Other notable companies included FAW Jiefang (一汽解放) with 9,125 units sold (21.30% market share) and Shaanxi Automobile Group (陕汽集团) with 6,888 units sold (16.10% market share) [12][15]. - The top ten companies accounted for 99.01% of the tractor market, with the top five companies holding 88.50% of the market share [15][21]. Cumulative Sales and Market Share - From January to July 2025, the cumulative sales of the tractor market reached 313,000 units, with a year-on-year increase of 5% [17]. - The cumulative market share of the top ten companies reached 99.04%, with the top two companies, 重汽 and 一汽解放, each exceeding 20% market share [21]. - Companies such as 徐工 and 远程 saw significant growth, with year-on-year increases of 182% and 108%, respectively [19]. Industry Dynamics - The rankings of the top ten companies in the tractor market remained consistent from June to July 2025, with some shifts in positions among the lower-ranked companies [16][23]. - Compared to the end of 2024, the rankings of some companies have changed, indicating a dynamic competitive landscape [23]. Conclusion - The heavy truck market is showing strong growth, but the tractor segment continues to lag behind, raising questions about its potential to catch up in the remaining months of 2025 [25].