FAW Jiefang(SZ:000800) 第一商用车网·2025-12-09 02:26Core Viewpoint - FAW Jiefang has successfully achieved a growth curve against the trend by selling 20,000 new energy products annually, which signifies a strong position in China's medium and heavy truck industry [1]. Group 1: Sales Performance - From January to October 2025, FAW Jiefang sold over 210,000 medium and heavy trucks, marking a year-on-year increase of 19.5%, ensuring steady growth for three consecutive years [3]. - In 2023 and 2024, FAW Jiefang's medium and heavy truck sales reached 205,200 and 214,000 units respectively, maintaining the top position in the domestic market for nine consecutive years [3]. - The market share for FAW Jiefang in the tractor market has consistently remained above 23%, while the market share in the natural gas segment has stabilized above 27% [4]. Group 2: New Energy and Export Growth - FAW Jiefang's new energy heavy truck sales have doubled over the past three years, with growth rates for 2024 and 2025 significantly surpassing the overall industry growth rates of 140% and 178% respectively [5]. - Since 2022, FAW Jiefang's export volume has shown a clear upward trend, with the first half of 2025 exceeding the total export volume of 2022 [9]. Group 3: New Energy Strategy - FAW Jiefang's new energy transition is characterized by a shift from product competition to ecosystem competition, with its market share in the new energy heavy truck segment rising from 24.3% in 2021 to 52.91% in 2025 [10][12]. - The company has developed a comprehensive "15333" new energy strategy, focusing on electric, hybrid, and fuel cell technologies, and has achieved full autonomy over its core components [12]. - Collaborations with industry leaders like CATL and other partners have enabled FAW Jiefang to build a comprehensive charging network, addressing user concerns about initial costs and operational convenience [13]. Group 4: International Expansion - FAW Jiefang has positioned the overseas market as its "second growth curve," transitioning from simple product exports to deep localization and systematic operations [17]. - The establishment of FAW Jiefang International in August 2024 marks a significant step towards localized operations, with plans to set up wholly-owned subsidiaries in eight countries by July 2025 [20]. - The company emphasizes a "born global" product development approach, creating region-specific products to meet international standards while maintaining a focus on value and quality rather than price competition [20][22]. Conclusion - FAW Jiefang's consistent growth in new energy products and overseas sales reflects its strategic planning and execution, transitioning from a traditional energy vehicle giant to a leader in new energy vehicles and a strong competitor in the global market [24].