Commercial Heavy Duty Truck Industry Development

Commercial heavy duty truck industry development

The heavy truck industry is a strong cycle industry with strong sensitivity to policy and economy. It can be roughly divided into four periods, seven stages. The first period for the last century in the 1960s, in Jinan Automobile Factory production line of China's first heavy truck JN150, officially opened a new chapter in China's heavy truck industry; The second period for the 1980s, due to China's backward heavy truck technology, so began to introduce foreign advanced heavy truck technology, which opened the era of foreign heavy truck enterprises into China, out of the protection of local heavy truck enterprises, foreign enterprises can only enter China through joint ventures; The third period is 2002-2016, with the rise of China's economy, the heavy truck industry has also entered the fast track of development, during which it experienced a series of events such as the brutal growth of the industry, large-scale construction of infrastructure, the hot real estate industry, the elimination of backward heavy truck production capacity, the outbreak of the international financial crisis, and the national "four trillion" economic stimulus policy. China's heavy truck industry is also up and down during this period; The fourth period is 2016 so far, China's e-commerce has developed rapidly, the technology of new energy heavy trucks is relatively mature, the release and implementation of national six emission standards and other factors have stimulated the demand for heavy trucks in China, and China's dual carbon strategy has guided the heavy truck industry into a new stage of green emission reduction.