Sinotruk Jinan Truck (SZ:000951) 第一商用车网·2025-07-30 06:53Core Viewpoint - China National Heavy Duty Truck Group (CNHTC) has achieved significant success in the heavy-duty truck and tractor market, maintaining a market share exceeding 25% and securing a "six consecutive championships" in both segments as of the first half of 2025 [1]. Market Performance - In the first half of 2025, CNHTC sold 9,400 units of various types of new energy heavy-duty trucks, marking a year-on-year increase of 221%, which is 35 percentage points higher than the overall market growth rate of 186% [4]. - The market share of CNHTC in the new energy heavy-duty truck segment reached 11.84%, an increase of 1.29 percentage points compared to the same period last year, placing it among the top four in the industry [4]. Competitive Landscape - The market presence of traditional heavy-duty truck manufacturers in the new energy segment has increased significantly, with CNHTC improving its ranking by 11 positions since 2021, now holding a market share increase of 11.21 percentage points [9]. - The top five companies in the heavy-duty truck industry collectively held a market share of 52.61% in the new energy segment as of the first half of 2025 [9]. Segment Leadership - CNHTC has achieved multiple monthly sales championships in various sub-segments, including new energy tractors, new energy dump trucks, and fuel cell heavy-duty trucks [11][12]. - In the first half of 2025, CNHTC's fuel cell heavy-duty trucks achieved a market share of 41.72%, making it the leader in this sub-segment [14]. Geographic Expansion - CNHTC has expanded its market reach, entering 30 out of 31 provincial-level administrative regions in China, with over 100 units sold in 15 cities [16]. - The top three cities for new energy heavy-duty truck sales in China are Shanghai, Shenzhen, and Chengdu, where CNHTC ranks prominently [18]. Product Development - CNHTC has demonstrated a strong commitment to the new energy segment, with a comprehensive product matrix established by early 2025, including a recent announcement of 30 new energy heavy-duty truck models [19][21]. - The company is actively responding to market trends, with new products featuring high power outputs, such as the 600 kW pure electric tractor [19].