China's Top 3 Truck Brands

The Top 3 Leaders in China's Truck Industry

Zhou Jie · 2024-05-30

China's truck industry is one of the major powerhouses in the world. In it, there are 3 brands leading the innovation, production, and sales. This report introduces our audiences to the top 3 brands that are making major contributions to this industry.

Sinotruk: The Heavy-Duty Leader

Sinotruk, the China National Heavy Duty Truck Group Co., Ltd., is well-known for its heavy-duty trucks. Since Sinotruk's establishment in 1956, it is now a key player in the Chinese truck industry. The company's annual production has reached 230,000 units in recent years. Sinotruk also has a strong overseas presence in over 110 countries. Sinotruk is now focusing on new energy trucks and intelligent driving techs. These efforts have strengthened its leading position in the market.

Dongfeng Motor: Growth and Innovation

Dongfeng Motor Corporation, also known as Dongfeng Motor. It is also a major player in China's market. Dongfeng was established in 1969 and now is offering various ranges of light and heavy-duty trucks. Currently, the company's goal for innovation is electric and hybrid trucks. This direction fits the growing market demand for electrified trucks.

FAW Jiefang: A Legacy of High Quality

FAW Jiefang, the truck company in the First Automobile Works. FAW Jiefang is one of China's oldest truck makers. With its history of over 60 years, it is known for its high-quality trucks. The maker's commitment to R&D has also resulted in huge lineups aiming at various industry sectors.

Market Share and Competitive Edge

Sinotruk, Dongfeng, and FAW Jiefang hold over 60% of China's truck market shares. These 3 makers are also competing on the overseas stages. Their R&D investments have led to vehicle tech, safety, and environmental advancements globally.

Sales and Market Trends

The sales record of these 3 brands is impressive, with significant figures and growth rates, 88,000 heavy-duty units and 27.3% market share for Sinotruck, 11,735 overseas sales and 222% growth for Dongfeng, and a total of 241,662 units and 42.11% YoY increase for FAW Jiefang.