近日，福田汽车向一西非重要市场批量交付了超百辆轻卡。此批车辆已于该区域核心枢纽顺 利移交，即将投入当地持续发展的基础设施建设与城市物流运输等领域。本次交付是福田汽 车深耕西非市场取得的又一重要进展，也是中国商用车品牌凭借具备竞争力的产品、可靠服 务与本地化运营能力，积极融入并支持非洲区域发展的生动实践。 在非洲战略的引导下，福田汽车将继续投入资源，深化本地化运营，进一步完善覆盖产品研 发、销售服务、配件供应、金融支持的全价值链体系。通过持续关注市场与用户，福田汽车 致力于以更丰富的产品选择、更及时的服务响应和更坚实的本地支持，满足非洲客户不断变 化的需求，提升中国商用车品牌在非洲市场的整体竞争力，为非洲大陆的经济发展与民生改 善贡献"福田力量"。 本次交付的AUMARK轻卡，展现了福田汽车针对复杂应用环境的技术积累与产品特点。车 辆搭载高效动力系统，在保证动力输出的同时，实现了良好的燃油经济性，有助于用户降低 运营成本。其坚固的车架与高承载设计，提升了在各类路况下的通过性与运输效率。无论是 开放式平板还是封闭式厢货，车型设计均考虑了运输效率与空间利用率，以更好地满足客户 的货物装载与转运需求。产品在可靠性、耐 ...

Core Insights - Foton Motor has outlined its global strategy focusing on brand globalization, emphasizing the transition towards green and intelligent commercial vehicles in the industry [1][3] Group 1: Industry Trends - The commercial vehicle industry is shifting from "incremental expansion" to high-quality development, with a notable increase in the penetration of new energy vehicles and accelerated intelligent development [3] - The industry is characterized by a multi-energy approach, with Foton adopting a technology route that includes pure electric, hybrid, and hydrogen fuel [3] Group 2: Technological Advancements - Foton's electric motor efficiency reaches a peak of 97.7%, with hybrid technology covering 12 typical working conditions and a demonstration scale of 3,600 hydrogen fuel cell vehicles [3] - The company is developing a dedicated platform for new energy vehicles while continuously iterating on traditional platforms [3] Group 3: Strategic Initiatives - Foton has established a comprehensive technical accumulation and strategic layout across its entire product range, including heavy trucks, light trucks, micro trucks, and vans [5] - The brand strategy has expanded from product development to ecological operation, focusing on building differentiated competitiveness through "whole vehicle + Internet of Vehicles" [5] Group 4: Market Expansion - Foton plans to establish over 10 industrial bases in multiple countries over the next five years, marking a shift from trade export to localized manufacturing and a full value chain ecosystem [7] - The company aims to enhance global logistics efficiency and sustainability, providing a replicable path for the upgrade of China's commercial vehicle industry [7]

Group 1 - Jiangling Motors has undergone significant executive changes [1] - SANY, Jiefang, and XCMG are competing for the championship with over 2,000 heavy-duty electric trucks sold in September, totaling nearly 16,000 units sold in the month, marking a 21-month consecutive increase [2] - Micro trucks sales reached 34,000 units in September, an 80% increase, with Chery and Changan vying for the top two positions, while Leichi entered the top ten [3] Group 2 - An exclusive bid has been won for 190 pure electric buses [4]

Core Viewpoint - The commercial vehicle industry in China is undergoing a significant transformation towards high-quality development, driven by technological innovation and market demands, as evidenced by the ongoing commercial vehicle testing activities in Chongqing [1][4][7]. Group 1: Industry Overview - The commercial vehicle sector is a crucial component of China's economy and logistics, with a strong emphasis on self-innovation and rapid growth in production and sales [3][4]. - In August, commercial vehicle production and sales reached 315,000 and 316,000 units respectively, marking a month-on-month increase of 5.9% and 3.4%, and a year-on-year increase of 16.4% and 16.3% [3]. - From January to August, the total production and sales of commercial vehicles were 2.713 million and 2.744 million units, reflecting a year-on-year growth of 7.1% and 5.2% [3]. Group 2: Testing Activities - The 2026 China Commercial Vehicle Product Testing event, organized by China Automotive News and the China Automotive Engineering Research Institute, has become a significant platform for evaluating and promoting commercial vehicles in the country [1][4]. - The testing procedures have been upgraded to align with the trends of intelligence, connectivity, and electrification in the commercial vehicle industry [4][5]. - The testing aims to scientifically evaluate products, promote advanced technologies, and guide the industry towards safer, more efficient, greener, and smarter vehicles [4][5]. Group 3: Technological Advancements - The commercial vehicle industry is experiencing a triple transformation involving intelligent, energy, and technological revolutions, with companies increasingly focusing on enhancing product performance and technological capabilities [5][6]. - The testing has shown significant improvements in vehicle technology, manufacturing processes, and user experience, with many vehicles narrowing the performance gap with imported models [5][6]. - The emphasis on electric, intelligent, and connected vehicles is growing, with advancements in information communication technology and artificial intelligence becoming more evident [5][6]. Group 4: Future Outlook - The commercial vehicle testing activities serve as a platform for companies to assess their product developments and strategize for future technological advancements [7][8]. - The industry is poised for a historical opportunity to leapfrog in the global market, with the testing activities playing a dual role as a catalyst and benchmark for progress [7][8]. - The commitment to continuous improvement and innovation is essential for the commercial vehicle sector to achieve global competitiveness and recognition [8].

Core Viewpoint - The micro truck market in China has shown a fluctuating trend in sales, with a cumulative decline of 18% by the end of July 2025, despite a 15% year-on-year growth in August 2025, indicating a mixed performance in the industry [1][3][14]. Sales Performance - In August 2025, the overall truck market sold 271,600 units, a 17% year-on-year increase, while the micro truck market sold 30,800 units, reflecting a 15% year-on-year growth but a 6% month-on-month decline [3][6]. - The cumulative sales for micro trucks from January to August 2025 reached 285,900 units, marking a 15% decrease compared to the same period last year, which is the lowest in the past five years [5][10]. Market Trends - Over the past five years, the micro truck market has exhibited a pattern of alternating growth and decline in August, with three years of growth including the current year [5]. - The sales volume of 30,800 units in August 2025 ranks third in the last five years, indicating a moderate performance compared to previous years [5]. Company Rankings - In August 2025, SAIC-GM-Wuling led the micro truck market with sales of 15,900 units, capturing 51.74% of the market share, followed by Chery and Changan with 16.85% and 14.55% market shares respectively [6][9]. - A total of seven companies sold micro trucks in August, with four companies experiencing year-on-year growth and three facing declines [6][10]. Cumulative Market Share - For the cumulative sales from January to August 2025, three companies exceeded a 10% market share: Wuling (50.42%), Changan (18.34%), and Chery (13.53%) [12]. - The cumulative market share for the top six companies reached 99.74%, indicating a highly concentrated market [10]. Future Outlook - The micro truck market faces challenges in achieving growth by the end of 2025, with a cumulative decline of 18% and a net decrease of nearly 50,000 units compared to the previous year [14].

Core Viewpoint - The new rural road improvement action plan issued by the Ministry of Transport, Ministry of Finance, and Ministry of Natural Resources aims to enhance the modern rural transportation system, which is expected to bring significant benefits to the automotive industry [2] Group 1: Automotive Market Expansion - Improvements in infrastructure such as roads, charging, and parking will drive the demand for automobiles and new energy vehicles [3] - The plan aims to complete the reconstruction of 300,000 kilometers of rural roads by 2027, which will release pent-up car purchasing demand, especially in traditionally underserved areas [3] - The rural automobile ownership rate is currently one-third of urban areas, with a projected compound annual growth rate of over 15% for rural passenger vehicles in the next five years [3] Group 2: Public Transport and Bus Procurement - The plan mandates that the bus service coverage in administrative villages reaches over 55% by 2027, which will stimulate demand for new energy buses and small commuter vehicles [4] - Pilot programs in regions like Henan and Sichuan show that integrated urban-rural bus services can lead to an annual increase of 50-80 new energy buses per county, boosting commercial vehicle orders by over 20% [4] Group 3: Product Structure Optimization - The enhancement of rural road quality will necessitate the optimization of automotive product structures, leading to diverse vehicle demands [5] - The plan emphasizes the construction of industry-related roads, which has resulted in a 30% annual growth in sales of micro and light trucks in agricultural areas [5] - The demand for specialized refrigerated trucks is also experiencing explosive growth, driven by the need for efficient logistics in rural areas [5] Group 4: Infrastructure and Ecosystem Development - The improvement of rural roads and infrastructure will help create a new automotive consumption ecosystem [7] - The plan encourages the development of public charging and swapping facilities along rural roads, addressing the "charging difficulty" for new energy vehicles [7] - The rural automotive aftermarket is expected to exceed 200 billion yuan by 2027, driven by improved service networks and maintenance options [7] Group 5: Industry Restructuring and New Opportunities - The integration of rural logistics will reshape the commercial vehicle industry, with a growing demand for new energy logistics vehicles [9] - The annual growth rate of rural e-commerce and express delivery services is 25%, leading to a 40% increase in demand for new energy logistics vehicles [9] - The plan provides a solid foundation for automotive companies to penetrate rural markets, emphasizing the need for tailored products and services [9]

Group 1 - On July 30, Foton Motor's stock price closed at 2.76 yuan, down 0.02 yuan from the previous trading day, representing a decline of 0.72% [1] - The trading volume on that day was 686,000 shares, with a total transaction amount of 190 million yuan [1] - Foton Motor's main business includes the research, production, and sales of a full range of commercial vehicles, including heavy trucks, medium trucks, light trucks, micro trucks, and buses [1] Group 2 - On July 30, Foton Motor held its sixth extraordinary general meeting of shareholders for 2025, where it approved the proposal to increase the quota for providing guarantees to related parties for the year 2025 [1] - Data on capital flow indicated a net outflow of 15.164 million yuan from main funds on July 30, accounting for 0.08% of the circulating market value [1]

Core Viewpoint - The micro truck market in China has experienced a declining trend in sales, with significant year-on-year decreases observed in recent months, particularly from March to May 2025, leading to a cumulative sales decline of 22% by the end of May [1][17]. Market Performance - In June 2025, the overall truck market in China saw a sales increase of 8% year-on-year, with micro trucks selling 40,000 units, representing a 14% month-on-month increase but a 10% year-on-year decline [4][9]. - The micro truck market has faced a "four consecutive declines" situation, continuing to underperform compared to the overall truck market [4][17]. Historical Trends - An analysis of the micro truck market over the past five years shows a pattern of declining sales in June, with only one instance of growth in June 2023. The sales of 40,000 units in June 2025 rank third in the last five years, significantly lower than the peak of 51,200 units in June 2023 [6][9]. Cumulative Sales Data - For the first half of 2025, cumulative sales of micro trucks reached 222,000 units, marking a 20% year-on-year decline, which is an improvement from the 22% decline recorded after May [14][17]. - Among the companies, Chery has shown a 60% increase in cumulative sales year-on-year, while five other companies have reported double-digit declines, with the most significant drop being 45% [15]. Market Share Insights - In June 2025, Wuling dominated the micro truck market with nearly 20,000 units sold, capturing 48.09% of the market share. Changan and Chery followed with 20.02% and 14.54% market shares, respectively [11]. - Cumulatively, for the first half of 2025, Wuling, Changan, and Chery held market shares of 49.19%, 19.63%, and 12.75%, respectively, while other companies had market shares below 0.5% [15].

Core Viewpoint - The article highlights the strategic shift of Chinese commercial vehicle companies, particularly Beiqi Foton, from merely focusing on export volumes to enhancing global competitiveness through resilient supply chains, localization, and technological innovation [1][5]. Group 1: Export Performance - Beiqi Foton has maintained its position as the top exporter of commercial vehicles in China for 14 consecutive years, with overseas exports projected to reach 153,000 units in 2024, accounting for 17% of China's total commercial vehicle exports [2]. - In the first quarter of 2025, overseas sales surpassed 40,000 units, reflecting a year-on-year growth of 9.5%, with products available in over 130 countries and regions [2]. - Significant sales growth was observed in various markets, including a 12,800% increase in South Africa, 590% in East Africa, and 118% in West Africa [2]. Group 2: Technological Innovation and Global Strategy - Under the "GREEN 3030" international strategy, Beiqi Foton is advancing its competitiveness through electrification, intelligence, and globalization, with pure electric trucks entering European markets such as Italy, Poland, and Spain [3]. - The company has delivered over 1,400 pure electric buses in Latin America, helping Chile become a leader in the electric bus market in the region [3]. - Beiqi Foton has established itself as a leading brand in the electric bus market in Malaysia, serving the first cross-border electric bus route between Singapore and Malaysia [3]. Group 3: Ecological and Industrial Development - Beiqi Foton's strategy includes building an "ecological export" model, focusing on a "factory cluster + localized ecosystem" approach to reshape the global industrial landscape [4]. - The company plans to complete a manufacturing plant in Thailand by November 2024, marking a significant milestone with cumulative overseas sales exceeding 1 million units [4]. - Beiqi Foton aims to achieve a sales target of 300,000 units in overseas markets by 2030, with 30% of those being new energy vehicles, while enhancing localization of components and developing a global financial service system [4]. Group 4: Long-term Vision - Beiqi Foton's two-decade global expansion reflects China's ambition to become a world-class commercial vehicle manufacturer, emphasizing resilience, ecological thinking, and technological foresight [5].

撰 文 / 牛跟尚 设 计 / 琚 佳 如果不是年度盘点，如果不是东风公司与兵装集团汽车业务合并的传闻，不会想到由军转民、由兵 转车、由微转商、由商转乘的重庆长安汽车股份有限公司（简称长安汽车），不仅在乘用车保持行 业前四——2024年批发164万辆、零售136万辆，而且在商用车及轻卡、皮卡、微卡等细分市场还保 持着持续向上的优势。 2024年，中国商用车企业（含卡车和客车及出口）销售387万辆，同比下滑3.9%。 从中国商用车销量前10强看，相比2023年，福田汽车和东风公司的冠亚军位置没变。福田汽车销售 61.16万辆，减少1.58万辆，同比下滑2.5%，市场份额为15.8%，市场份额上升0.79个百分点。 东风公司的商用车销量38.54万辆，减少了4.62万辆，同比下滑10.7%，市场份额为9.9%，市场份额 下滑0.66个百分点。 没有想到的是，新的季军是长安汽车，从2023年第五位上升到第三位，销量为34.30万辆，多卖了 2.67万辆。 此前这一位置是上汽通用五菱，但由于微型商用车式微，少卖了18.73万辆，直接从第三滑到第 八。 现在，中国商用车三强的共同特点是：轻卡量大，得轻卡得卡王。 202 ...