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As the leading company in China's heavy truck industry, China National Heavy Duty Truck Group and Weichai Holding Group successively launched new products this month. Among them, China Heavy Duty Truck's HOWO-A7 heavy-duty vehicle is quite luxurious, and is known as the latest model representing the highest level of heavy trucks in China. Automotive; Weichai Power introduced two new models that adapt to changes in the market - WP5 and WP7 series diesel engines, which have become bright spots in the winter of heavy-duty trucks in China.
Although China’s economy has been hit by the financial crisis, with the country’s RMB 4 trillion expansion of domestic demand policies and the development of markets in overseas developing countries, China’s heavy-duty truck industry has been accompanied by the start-up of roads, railways and other infrastructure projects in China. It is expected to be the first to benefit the industry.
Financial storm hit heavy truck market
Since the second half of the year, the market has been affected by the financial crisis and faced the disadvantages of insufficient domestic demand, reduced investment, and declining exports. The auto market has experienced a colder winter than in 2005. For the market situation next year, it is still difficult to feel optimistic.
From the perspective of the international economic situation, the financial turmoil triggered by the US subprime mortgage crisis has intensified. It has rapidly developed from local to global. It has been transmitted from developed countries to emerging market countries and developing countries. It has spread from the financial sector to the real economy. The international financial crisis with rare history, strong impact, and wide spread. At present, the impact of the crisis on the real economy is further deepening. The serious consequences will be further manifested and the global automobile industry will also be greatly affected.
From the domestic situation, under the circumstances of the international financial crisis and the tightening of the external environment, the economic downturn in our country is more serious than expected. This situation is spreading from the coast to the mainland, from the export industry to other industries, and from small and medium-sized enterprises to large companies. Domestic heavy truck industry sales and exports are affected.
According to the State-owned Assets Supervision and Administration Commission of Shandong Province, Shandong's five automobile and machinery manufacturing enterprises realized a profit of 141 million yuan in the month of October, a decrease of 429 million yuan from the previous month and a decrease of 599 million yuan from the first half of the year. According to corporate analysis, the demand for heavy trucks will be further reduced in 2009, the growth rate of construction machinery industry will drop significantly, and engine sales will experience a certain degree of decline.
Heavy truck industry is expected to take the lead
China National Heavy Duty Truck Group Chairman Ma Chun-chi believes that from the point of view of the development of the heavy-duty truck industry, the overall demand for heavy-duty trucks in the country will generally slow down next year, but with the gradual implementation of a series of national macro-control policies, the heavy-duty truck industry will take the lead and it is expected to benefit next year. The market is expected to rebound significantly in the second quarter. With the implementation of highway and railway construction, modern logistics industry, energy-saving emission reduction projects and people's livelihood projects in place, it will certainly bring new opportunities for the development of the heavy-duty truck industry.
Recently, the country has formulated a series of measures to expand domestic demand. The Central Economic Conference proposed that maintaining a stable and rapid economic development should be the primary task of next year’s economic work. It should better integrate growth, expand domestic demand, structural adjustment, and promote people’s livelihood, and take the promotion of development mode changes and structural adjustment as a response to domestic The fundamental way out is to change the external environment and achieve sustainable development.
In response to the current severe economic situation at home and abroad, the country proposed to base its efforts on expanding domestic demand, vigorously support the development of key industries, step up efforts to formulate plans for the revitalization of key industries such as automobiles, and quickly launched a number of key infrastructure projects. At present, the additional investment of 100 billion yuan has been gradually put in place in the fourth quarter of this year. In the two years, the 4 trillion yuan expansion of domestic demand projects is gradually proceeding. According to calculations, the total funds that will drive the provinces and cities to promote economic development and expand domestic demand will exceed 18 trillion yuan, which will effectively promote the stable and rapid development of the national economy. The implementation of the reform of finished product oil prices and taxes will boost consumption in the heavy truck market.