In 2007, Sinotruk successfully achieved a red chip listing on the main board in Hong Kong Stock Exchange, making it the first red chip stock in Chinas manufacturing industry to go public and initially establishing a platform for international development. In 2004, a new generation of independently developed heavy-duty trucks was born under the brand name of HOWO, which was introduced to the market in 2005, and achieved production and sales of more than 10,000 units in the same year, which set a new record in the history of Chinas heavy-duty trucks at that time. In 2013, SITRAK series products with independent intellectual property rights were formally introduced to the market, leading the development of China’s heavy-duty vehicle industry. In 2020, a new generation of high-end national brand ‘Yellow River’ heavy-duty trucks was launched globally, leading Chinas heavy-duty trucks to become world-class.
Sinotruk mainly develops, produces, and sells various types of heavy-duty vehicles, special vehicles, specialized vehicles, engines, transmissions, axles, and other assemblies and automotive components. It has a full range of commercial vehicle brands such as Yellow River, SITRAK, and HOWO, and is one of the most comprehensive heavy-duty truck enterprises in Chinas heavy-duty truck industry in terms of driving forms and power coverage. It has three subordinate listed companies, namely Sinotruk (Hong Kong) Limited (Hong Kong red chip listed company), Sinotruk Jinan Truck Co., Ltd. (Shenzhen A-share listed company), and Zhongtong Bus Co., Ltd. (Shenzhen A-share listed company). Its products are exported to more than 110 countries and regions, accounting for half of Chinas heavy truck exports.
Sinotruk Products
Sinotruk Global presence
The world is now intensifying the campaign of reducing GHG emissions. Most countries have promised their carbon neutrality target and deadlines. China has also announced her plan of achieving carbon neutrality by 2060. These years, SINOTRUK is making R&D and innovations of clean energy technology. In May 2017, China’s first hydrogen fuel terminal truck tractor was trial manufactured and put into test operation in SINOTRUK. Up to date, SINOTRUK has completed the trial production of sample vehicles for hydrogen fuel terminal truck tractor and urban distribution truck. At the same time, it has launched HOWO T5G pure-electric sanitation vehicle chassis, HOWO light truck pure electric van and other products.
Intelligent and networked vehicles represent the trend of the automobile industry. SINOTRUK has been making every effort to facilitate intelligent trucks. In 2018, the world’s first Level unmanned BEV truck manufactured by SINOTRUK was put into trial operation in Tianjin Port; in 2020, 25 unmanned BEV container trucks carried out the world’s first whole-ship operation in Tianjin Port. In the mining area with poor working conditions, HOWO mine truck makes possible the operation of unmanned vehicles in the mining area, thanks to the support of radar set, camera and vehicle-mounted high-precision integrated navigation system.