FAW Jiefang(SZ:000800) Zhi Tong Cai Jing·2025-08-29 08:39Core Viewpoint - In July 2025, the retail sales of heavy trucks in China reached 64,900 units, marking a year-on-year increase of 37.99% but a month-on-month decrease of 7.23% [1] Sales Performance - Cumulative sales of heavy trucks from January to July reached 423,900 units, reflecting a year-on-year growth of 20.15% [1] - Among the sales, the traction truck segment accounted for 35,000 units in July, with a year-on-year increase of 31.33% [1] Market Structure - In the first seven months, traction trucks held a 54% market share based on functional models [2] - The top three horsepower segments in the market were ≤300hp, 500-600hp, and 400-500hp, with 500-600hp segment accounting for 41% of the traction truck market [2] Drive Form - The leading drive forms were 6×4, 4×2, and 8×4, with 6×4 drive form dominating the traction truck market at 91% [3] Fuel Type - The top three fuel types were diesel, natural gas, and new energy, with natural gas comprising 45% of the traction truck market [4] Brand Performance - In July, the top five brands in heavy truck sales accounted for 61.6% of the market, led by FAW Jiefang, Dongfeng Commercial Vehicle, and others [5] - Cumulative sales from January to July for the top five brands represented 60.3% of the market [5] - In the traction truck segment, the top five brands captured 72.3% of sales in July [5] Regional Competition - The top three provinces for heavy truck sales in July were Guangdong, Shandong, and Hebei [6] - The leading cities in sales were Shanghai, Shenzhen, and Guangzhou [6]