Production Market
1. African market: a model of high cost performance and durability
Market performance:
In the African market, our dump trucks, semi-trailers and heavy trucks have become the first choice for local infrastructure projects with their high cost performance and excellent durability. In 2024, our heavy truck exports to Africa will reach 1,500 units, and our products will occupy an important share, especially in Nigeria, Tanzania and other countries.
2. Middle East market: a leader in the infrastructure wave
Market performance:
There is a strong demand for infrastructure and energy projects in the Middle East, and the export volume of our cement mixers, excavators and heavy trucks continues to grow. From January to August 2024, the total export volume of Chinese concrete mixer trucks to Saudi Arabia, the United Arab Emirates and other countries reached 900 units, a significant year-on-year increase.
3. Southeast Asian market: innovation and technology lead the trend
Market performance:
The Southeast Asian market is centered on Indonesia and Thailand. Our tractors, buses and new energy vehicles stand out with their technological innovation and environmental protection performance.
4. Central Asian market:
The five Central Asian countries (Kazakhstan, Tajikistan, etc.) are the core nodes of the "Belt and Road Initiative". Our exports of semi-trailers and tractor trucks have surged. In 2024, we will export tractors and trailers to Central Asia, with a year-on-year increase of 25%.
5. Latin American market: Growth potential is ready
As infrastructure and logistics demand in Latin America increases, our exports of cranes, loaders and heavy trucks have increased significantly. In 2024, our exports of excavators to Peru increased by nearly 30% year-on-year, and the Mexican market increased by 19% year-on-year.