解放又有大动作！

Core Viewpoint - The commercial vehicle market in China is expected to see a slight increase in demand due to factors such as the renewal of old operating vehicles, energy-saving and emission reduction initiatives, and support for the hydrogen energy industry in regions like Guangdong and Guangxi. The China Association of Automobile Manufacturers (CAAM) projects that total commercial vehicle sales will exceed 4 million units in 2025 [3][5]. Group 1: Market Performance - In April 2025, China's commercial vehicle production and sales reached 362,000 and 367,000 units respectively, showing a month-on-month decline but a slight year-on-year increase. Cumulatively, from January to April, commercial vehicle sales reached 1.418 million units, marking a 2% year-on-year growth [1]. - The heavy-duty truck market experienced a significant month-on-month decline in both wholesale and terminal sales in April, with wholesale sales down 17.9% and terminal sales down 11.1% [5][6]. Group 2: Competitive Landscape - The competition in the domestic terminal market is intensifying, with FAW Group achieving a terminal market share of 24% and leading in the NG segment. However, competitors like Heavy Truck Group and Dongfeng Group are closely following, each with a market share of 18% [5][12]. - The battle for market share in traditional energy heavy-duty trucks is becoming increasingly competitive, with significant challenges ahead for companies in terms of technological innovation and market strategies [5][12]. Group 3: New Energy Market - The new energy heavy-duty truck segment is currently the most dynamic within the commercial vehicle sector, with cumulative demand reaching 47,600 units from January to April 2025. SANY Group leads the market with a 16% share, followed closely by XCMG Group at 15.8% [7][8]. - FAW Jiefang has been actively expanding its presence in the new energy sector, achieving the highest sales in the industry for two consecutive months. Strategic partnerships and technological innovations are seen as key to success in this competitive landscape [8][10]. Group 4: International Market - In April, China exported approximately 24,700 heavy-duty trucks, with a cumulative export total of 96,600 units from January to April. Heavy Truck Group leads the export market with a 41.4% share [11][12]. - The competition for overseas market share is heating up, with FAW Jiefang adopting a strategy of localized manufacturing and scenario-based products to enhance its international presence [12][14].