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Sinotruk Group holds press conference for global partner conference

Company News|17.10.2025

On October 17th, prior to the Shandong Heavy Industry Group-Weichai Power Global Partner Conference, Shandong Heavy Industry Group held a press conference to outline preparations for the conference and answer questions from reporters regarding its new thinking, plans, and initiatives regarding global industry developments, international business, win-win cooperation within the industrial chain, and its new brand strategy. Wang Zhijian, Deputy Secretary of the Party Committee and General Manager of Shandong Heavy Industry Group, attended the press conference along with senior management from affiliated companies and representatives from partners.

Wang Zhijian answered questions from reporters from Xinhua News Agency, CCTV, Science and Technology Daily, and Dazhong Daily.

Regarding the Group’s core competitiveness, its operating revenue for the first nine months of the year reached nearly 440 billion yuan, a year-on-year increase of over 9%. These core strengths lie in its commitment to technological innovation to build competitive product technology, quality, and cost; its comprehensive industrial chain layout with highly coordinated powertrain and complete vehicle systems; its global industrial presence that effectively withstands market and economic fluctuations; and its team culture of passion, dedication, and a relentless pursuit of excellence.

Regarding the globalization of Chinese manufacturing enterprises, China’s equipment manufacturing industry has experienced rapid growth over the past two decades, boasting product competitiveness built on a wealth of independent innovation and patents. From core powertrains and electric powertrain systems to commercial vehicles and construction machinery, the Group possesses competitive advantages comparable to those of world-class companies. The “Hospitality Shandong, Quality Shandong” brand has fostered a favorable environment for our global expansion. Shandong Heavy Industry consistently adheres to a technologically driven approach, a deeply localized approach, and a brand-building strategy, upholding ESG social responsibility to ensure a more solid and sustainable presence overseas.

Regarding a win-win ecosystem across the entire industrial chain, “WeareOne” is Shandong Heavy Industry’s global partnership philosophy. This meeting brought together the Group’s global strategic suppliers and distributors to convey a message to global customers: With the goal of rapidly responding to customer needs, we will work together across the entire industry chain to accelerate R&D, advance application development, and deeply localize our operations, thereby jointly seizing future market opportunities.

Regarding the Group’s new brand logo, the Group brand serves as an endorsement for all its subsidiaries, providing nutrient and resource support. Each sub-brand operates and develops independently, continuously expanding its brand image and influence in its niche market. The parent and sub-brands collaborate to better empower end customers and upstream and downstream industry chain partners.

Zhang Gengsheng, Deputy General Manager of Shandong Heavy Industry, answered questions from Indonesian reporters.

Regarding Shandong Heavy Industry’s export business, from January to September, Shandong Heavy Industry’s export revenue reached 72.7 billion yuan, a year-on-year increase of 6% to 7%. The annual target is expected to reach 100 billion yuan. Faced with a complex and severe global landscape, Shandong Heavy Industry Group will seize strategic opportunities in Southeast Asia, Africa, the Middle East, and Latin America, deepen its presence in the international market, and comprehensively promote the deep localization of its team, management, manufacturing, and R&D.

Ma Changhai, Deputy General Manager of Shandong Heavy Industry and Chairman and General Manager of Weichai Group, answered questions from reporters from People’s Daily and Phoenix TV.

Regarding the growth of its power systems business, Weichai Group’s operating revenue in the first three quarters reached nearly 250 billion yuan, a year-on-year increase of 6%. This was primarily driven by significant growth in data center power generation, new energy, and engine exports, which saw revenue increase by 400%, 84%, and 30%, respectively. This demonstrates significant future growth potential.

Regarding overseas industrial development, all of Weichai’s overseas investments and acquisitions are profitable, with overseas business accounting for 46% and a transnational index reaching 40.93%. The key to strategic win-win outcomes for Weichai and its overseas subsidiaries lies in the deep synergy between local investment and localized production, and the vigorous promotion of a “WeareOne” culture.

Regarding exports, from January to September this year, Sinotruk exported 111,000 heavy-duty trucks, a year-on-year increase of 24.5%, ranking first in my country’s heavy-duty truck exports for 21 consecutive years. In September, monthly heavy-duty truck exports exceeded 15,000 units for the first time, setting a new record for China’s heavy-duty truck industry. Cumulative sales of heavy-duty trucks at home and abroad reached 225,000 units, a year-on-year increase of 20%, achieving global leadership in the heavy-duty truck industry for the first time.

Regarding future growth expectations, thanks to its strong independent R&D capabilities, marketing and service network, and intelligent manufacturing support capabilities, Sinotruk will continue to maintain its leading position in the export industry, achieving both quality and quantity breakthroughs in the high-end market. This year, the company is committed to achieving its export target of 150,000 units, further consolidating its leading position in China’s heavy-duty truck industry.

Shaanxi Heavy Duty Truck Company General Manager Zhi Baojing answered questions from a Securities Daily reporter.

Regarding heavy-duty truck exports, Shaanxi Heavy Duty Truck ranks second in China’s heavy-duty truck industry, with enormous potential for future global market growth. To expand market share, Shaanxi Heavy Duty Truck aims to deepen its overseas industrial presence, accelerate localized production, and more precisely respond to customer needs. Secondly, Shaanxi Heavy Duty Truck aims to achieve breakthroughs in the high-end market, leveraging new products and technological advancements to break down commercial barriers and expand market share.

Zhang Min, General Manager of Shantui Co., Ltd., answered questions from a China Securities Journal reporter.

Regarding global industry development, the global construction machinery industry will present significant market opportunities over the next three to five years, driven by both external factors like infrastructure and energy, and internal drivers of the industry’s intelligentization and new energy transition. Shantui will leverage its large-scale group’s engine and high-end hydraulic component supply capabilities, as well as its industry-recognized advantages in chassis and structural components, and, guided by its AI strategy, maintain its product leadership and expand its international market presence.

Wang Guimin, Chairman of Weichai Lovol Smart Agriculture, answered questions from a reporter from the Farmers’ Daily.

Regarding leading the upgrade of my country’s agricultural machinery industry, Weichai Lovol Smart Agriculture will benchmark itself against world-class standards, focusing on technological innovation, quality improvement, and global expansion. The company aims to achieve breakthroughs in key technologies for high-end agricultural machinery and smart agriculture, enhance R&D, manufacturing, and process capabilities, accelerate localized manufacturing along the Belt and Road Initiative, and further lead the global expansion of China’s high-end agricultural machinery manufacturing.

Zhongtong Bus Chairman Wang Xingfu answered questions from reporters at China Bus Network.

Regarding high-end bus exports, Zhongtong Bus’s export revenue increased by 40% year-on-year from January to September, leading the green transportation transition in markets such as Chile, the UAE, Singapore, and Denmark. Zhongtong will leverage Shandong Heavy Industry Group’s resources in R&D, production, supply, marketing, and service to accelerate its international development, transitioning from selling products to building brands and continuously focusing on high-end products and markets.

Huang Wenxi, Chairman of Philippine High Energy Times Co., Ltd., answered questions from a reporter from the Hong Kong Wen Wei Po.

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