同心同行 共鉴辉煌 2025年，商用车行业竞争日趋激烈，广大合作伙伴与中国重汽同心同行、砥砺奋进，共同铸就辉煌业绩：全 年汇总收入预计同比增长17%；整车销量预计突破45万辆，同比增长25%。其中，重卡产销规模突破30万 辆，再创中国重汽历史新高，连续4年稳居中国重卡行业前列。 依托大集团资源优势，中国重汽全力推进国内国际双循环发展格局，实现海内外市场协同增长。在国内市 场，各业务板块均表现亮眼：重卡预计销量15万辆，同比增长33%；轻卡预计销量12万辆，同比增长29%； VAN和皮卡同比增长116%。出口业务同步实现历史性突破，重卡出口超15万辆，同比增长11%，连续21年位 居中国重卡出口前列。与此同时，中国重汽坚持拓宽出口产品品类，轻卡出口销量同比增长161%，后市场配 件出口销售收入同比增长53%，构建起全品类出海的战略新格局。 亮眼成绩的背后，离不开合作伙伴的鼎力支持。大会现场隆重揭晓并颁发2025年山东重工中国重汽集团营销 功勋奖等多项荣誉，既是对优秀合作伙伴的表彰激励，更彰显中国重汽秉持长期主义、深化共赢合作的坚定 理念。 五大优势 筑牢根基 大会对年度成绩卓越、贡献突出的优秀合作伙伴进行了表彰 ...

Core Viewpoint - The Chery Commercial Vehicle 2026 Partner Conference aims to redefine the industry landscape through innovation and intelligence, focusing on the strategic vision of becoming the "global leader in new energy commercial vehicles" while enhancing collaboration with partners [4][15]. Group 1: Performance and Growth - In 2025, Chery Commercial Vehicles achieved a remarkable 67% year-on-year growth, reflecting strong market recognition and effective strategic planning [2][4]. Group 2: Technological Advancements - The company is upgrading its technology strategy by leveraging Chery Group's global R&D system, integrating core technologies such as intelligent networking, efficient new energy powertrains, and safety features to meet diverse user demands [6][8]. - Chery Commercial Vehicles is focusing on six core technology areas: intelligent driving, intelligent cabins, electric drive bridges, integrated controllers, vehicle networking, and design [6][8]. Group 3: Product and Market Strategy - The conference will showcase a complete value chain from product innovation to industrial ecology, covering six business segments: heavy-duty trucks, light-duty trucks, vans, unmanned vehicles, pickups, and buses, with a total of 75 exhibits [8][15]. - The event will highlight new product launches and solutions tailored for high-end logistics, urban delivery, and engineering construction [8][15]. Group 4: Ecosystem Development - Chery's ecosystem encompasses eight business scenarios, including leasing, used vehicles, vehicle networking, unmanned vehicles, services, spare parts, derivative businesses, and international operations, aiming to create a commercial value closed loop [13][15]. Group 5: Future Vision and Leadership - The conference will introduce Chery Commercial Vehicle's new leadership team, which aims for a sales target of one million units by 2030, focusing on product structure optimization, technological innovation, and global expansion [15][16]. - The event serves as a platform for exploring industry transformation opportunities and sustainable development, marking a significant milestone in defining the future direction of commercial vehicles [16].

Core Viewpoint - Foton Motor's 2026 Business Conference emphasizes its strategic shift towards becoming a world-class commercial vehicle enterprise amid industry adjustments, marking a transition from scale leadership to value leadership in China's commercial vehicle sector [1][26]. Group 1: Strategic Goals - Foton aims to achieve a market share of 17% by 2025, double its heavy truck business, and a 90% year-on-year growth in new energy vehicles [3][16]. - The company has set ambitious targets for the "14th Five-Year Plan," including a 50% penetration rate for new energy vehicles and 30% overseas market share [7][19]. Group 2: Transformation Insights - The growth in new energy vehicles, while impressive at 90%, is based on a relatively small base, indicating a need for cautious optimism [6][18]. - Foton is not only focusing on electric vehicle electrification but is also innovating across its entire product matrix, enhancing product quality satisfaction by 42% [6][18]. Group 3: Three Comprehensive Strategies - Foton's strategy includes comprehensive internationalization, new energy adoption, and smart technology integration, requiring a shift from simple product exports to localized operations [9][21]. - The company recognizes the complexity of commercial vehicle operations and adopts a dual approach of pure electric and hybrid solutions, alongside multiple fuel options [9][21]. Group 4: Market Positioning - The company acknowledges the end of the era of scale expansion and the beginning of value competition, focusing on precise operations and ecological expansion [11][23]. - Foton's approach to new energy transition emphasizes a gradual and market-driven strategy, avoiding blind leaps into electrification [25][26]. Group 5: Organizational Change - Achieving the goal of becoming a world-class commercial vehicle enterprise requires not only technological advancements but also profound changes in organizational structure and business ecosystems [14][26].

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]

Core Insights - China National Heavy Duty Truck Group (CNHTC) has achieved a record high of 15,000 heavy truck exports in September, bringing the total exports for the month to 15,000 units, marking a new monthly export record for the domestic heavy truck industry [3] - For the first nine months of the year, CNHTC reported total revenue of $22.89 billion, a year-on-year increase of 14.9%, and total vehicle sales of 335,000 units, up 22.8% year-on-year [3] - The company has established a strong global presence, with products sold in over 150 countries and regions, and a global market share exceeding 1 million units [3] Group 1 - CNHTC has maintained its leadership in the domestic heavy truck export market since its overseas expansion began in 2004 [3] - The company has built a comprehensive service network in Vietnam, with 35 service stations and a successful promotional event resulting in over 800 orders [4][6] - CNHTC's after-sales market has shown significant growth, with parts sales revenue increasing by 59% year-on-year in the first nine months [6] Group 2 - The company has implemented a rapid response mechanism to meet urgent customer demands, exemplified by a recent order from an African client [8] - CNHTC operates 10 major production bases in China, with a maximum monthly production capacity of 30,000 heavy trucks [8] - The company is focusing on building more intelligent and efficient factories to enhance production capabilities [8] Group 3 - In traditional markets like Vietnam and Nigeria, CNHTC is expanding its sales and service networks to improve market coverage [11] - The company has established an assembly plant in the Philippines, which has successfully localized production and shortened delivery times [11] - CNHTC's sales in Africa and Southeast Asia have seen significant growth, with increases of 37.4% and 41.5% respectively in the first nine months [11] Group 4 - CNHTC is investing over $4 billion in R&D over the next five years, with plans to establish a specialized R&D team of over 8,000 members [14] - The company is expanding its product offerings to include a full range of commercial vehicles, leveraging its strengths in product quality and design [14] - In the new energy sector, CNHTC has reported a 300% increase in sales of new energy vehicles in the first nine months [16] Group 5 - CNHTC is actively promoting its "Red Pulse Global" brand, integrating political advantages into its international market expansion strategy [17][19] - The company has established a global organizational structure to support its overseas operations, with 21 overseas party branches providing direct service to international markets [19] - CNHTC emphasizes the importance of teamwork and collaboration among its overseas staff to enhance market penetration [21] Group 6 - CNHTC is leveraging its position as a leading player in the heavy truck industry to form strategic partnerships and enhance its competitive edge [24] - The company has opened its first authorized showroom in Libya, aiming to support local reconstruction efforts and provide comprehensive solutions [25] - CNHTC is committed to localizing its operations and workforce, including establishing training centers to develop local talent [27] Group 7 - At the 2025 Global Partner Conference, CNHTC projected heavy truck exports to exceed 150,000 units this year, with ambitious targets set for 2030 [29] - The company aims to achieve a balanced approach between short-term gains and long-term value creation through strategic planning and collaboration [31] - CNHTC is focused on five key transformations: green, digital, service-oriented, international, and diversified development [33]

Core Viewpoint - Foton Motor aims to become a world-class commercial vehicle enterprise by focusing on comprehensive internationalization, new energy, and intelligence as part of its strategic transformation [6][22]. Group 1: Business Performance - In the first half of the year, Foton Motor achieved total sales of 327,000 units, a year-on-year increase of 9.1% [3]. - Heavy truck sales reached nearly 67,000 units, up 74.3% year-on-year, while new energy vehicle sales exceeded 50,000 units, surging 151% [3]. Group 2: Strategic Direction - Foton Motor emphasizes open cooperation and shared benefits as its core business philosophy [5]. - The company plans to enhance its strategic focus on three major areas: comprehensive internationalization, new energy, and intelligence [6]. Group 3: Key Initiatives for the Second Half - Foton will focus on eight key initiatives, including accelerating the transition to new energy, integrating ecological business into the dealer system, and enhancing traditional business market share [8]. - The company aims to support underperforming regions with targeted policies and encourage domestic dealers to explore overseas markets [8]. Group 4: Marketing and Service Transformation - Foton's marketing strategy will focus on enhancing channel quality and efficiency, expanding ecological business, and implementing a customer order-based model for parts sales [16]. - The company plans to deepen its new energy ecosystem by launching exclusive financial products and building a charging station network [16]. Group 5: Product and Technology Showcase - Foton showcased a comprehensive range of products across ten exhibition areas, highlighting its technological advancements and product layout in the commercial vehicle sector [17][22]. - The exhibition featured diverse power types, including pure electric, hydrogen, and LNG, demonstrating Foton's commitment to meeting various market demands [19][20].

Group 1 - The core objective of Beiqi Foton Motor Co., Ltd. is to become a world-class commercial vehicle enterprise, showcased during the Nampo exhibition in South Africa from May 13 to 16 [1] - Beiqi Foton presented a diverse product lineup tailored to South Africa's logistics needs, including heavy trucks, light and medium trucks, small and micro trucks, pickups, vans, and new energy products [1] - The exhibition attracted significant attention, highlighting the company's ability to adapt its products to the South African market and enhance the influence of "Chinese intelligence" in the global commercial vehicle sector [1] Group 2 - Under the guidance of the "Belt and Road" initiative, Beiqi Foton is accelerating its internationalization strategy, aiming to upgrade trade cooperation to industrial chain collaboration in the African market [2] - The company plans to continue driving the global expansion of "Chinese intelligence" in commercial vehicles through technological innovation [2]

Core Viewpoint - Foton Motor has successfully launched its Truck Mate micro truck in South Africa, marking a significant step in its localization and industrialization strategy in the region [1][5]. Group 1: Product Launch and Features - The first batch of 300 Truck Mate micro trucks has been shipped to South Africa, expanding Foton's product offerings in the local market [1]. - The Truck Mate is equipped with a Dong'an 1.5-liter high-efficiency engine, providing strong power, and features a larger body size compared to similar products, with a cargo capacity of up to 7 cubic meters [3]. - The Truck Mate maintains high-quality standards in driving smoothness, comfort, and reliability, positioning it as a competitive option for local customers [3]. Group 2: Market Strategy and Positioning - South Africa is a key automotive market in Africa, with a growing demand for cost-effective commercial vehicles. Foton has committed to long-term investment and is steadily advancing its full product line layout [5]. - The successful introduction of the micro truck is a crucial step in Foton's localization strategy, creating synergies with its light trucks and pickups, and enabling comprehensive coverage from urban logistics to short-distance transportation [5]. - Foton aims to strengthen its brand influence in the South African market and lay the groundwork for future expansion into other regions of Africa [5]. Group 3: Future Plans - Foton will continue to focus on localization and industrialization as core strategies, driven by user needs, while enhancing technological innovation and local partnerships [7]. - The company plans to optimize its products and services to create greater value for South African customers and support the high-quality development of the local logistics and transportation industry [7].