FOTON(SH:600166)2024-06-27 07:35Group 1: Market Trends - The light truck market is expected to maintain a growth trend in 2024, with a total scale between 1.95 to 2 million units, reflecting a year-on-year growth of 4-6%, although the growth rate is slowing compared to 2023 [2] - Economic development is anticipated to drive increased demand for logistics and transportation, benefiting light trucks as essential tools for urban logistics [2] - Strengthened environmental policies and the gradual implementation of electrification targets in the public sector will enhance the advantages of new energy light trucks, promoting market growth [3] Group 2: Export and Sales Performance - The company sold approximately 12,500 pickup trucks from January to May 2024, marking a year-on-year increase of 55%, with exports accounting for about 6,500 units, up by over 60% [3] - The natural gas heavy truck sales reached around 10,000 units in the same period, showing a year-on-year increase of over 200% [3] - The export market is expanding, particularly in regions like Central and South America, West Asia, North Africa, and Southeast Asia, driven by favorable export policies and strong product competitiveness [3]