Sinotruk Group 2025 Global Supply Chain Strategic Partners Conference Successfully Held

In 2024, Sinotruk Group has resisted the downward pressure of the industry, worked hand in hand with the majority of partners, improved quality and efficiency, and seized the opportunities of the global market together, and once again led the industry in terms of business performance. The annual vehicle sales are expected to be 370,000 units, with a year-on-year growth of more than 10%; the aggregate revenue is expected to exceed 194 billion yuan, with a year-on-year growth of more than 10%; the total profit and tax is expected to be 12 billion yuan, with a year-on-year growth of more than 15%, and realize the first in the domestic industry in terms of sales volume of heavy-duty trucks, the first in the market share and the first in the export, and become the best business enterprise in China’s commercial vehicle industry.

Among them, the domestic heavy truck sales are expected to be 105,000 units, market share exceeded 20.2%, an increase of 2% year-on-year, ranked first in the industry in the top ten market segments; domestic light truck sales are expected to be 95,000 units, market share exceeded 18.5%, an increase of 2.5% year-on-year; the sales of new energy heavy trucks are expected to be 8,600 units, quadruple the growth; sales of new energy light trucks are expected to be 3,300 units, an increase of 15% year-on-year; the full year It is expected that 135,000 heavy trucks will be exported, ranking first in the export of China’s heavy truck industry for 19 consecutive years.
Sinotruk Group adheres to the principle of walking with the same heart and cooperating with global supply chain partners to achieve win-win situation. 2024 is expected to have an annual purchasing volume of 67 billion yuan, with a continuous increase in high-quality suppliers, and the number of suppliers with a supply volume of more than 10 million yuan exceeds 650; the growth rate of the supply volume of 668 suppliers exceeds the growth rate of the total purchasing volume of Sinotruk Group to achieve rapid development; the quality of products is significantly improved, with a year-on-year drop of 15% in the 3MIS and a drop of 44% in the delinquency rate in the second half of this year, contributing to the doubling of the product quality. Since the second half of this year, the defective rate has decreased by 44%, which helps Sinotruk Group  to effectively improve its product quality and break out against the trend in the fierce market competition.

As a “chain master” enterprise, Sinotruk Group possesses five unique advantages, including the research and development capability of a full range of commercial vehicle products, the strongest sales capability at home and abroad, world-class intelligent manufacturing capability, open, fair and transparent management capability, and efficient synergistic capability of resources of a large group, etc., and is fully committed to driving the development of the strategic cooperation to a deeper and deeper level, to a more diversified level, and to the development of the whole chain. Development.

In 2024, Sinotruk Group’s R&D investment is expected to exceed 3.1 billion yuan, up 8% year-on-year. It is expected to obtain 1,200 patents throughout the year, including 180 invention patents. A high-quality R&D team of more than 4,000 people, a strong marketing team of more than 2,600 people at home and abroad, 80 overseas representative offices and offices in more than 90 countries and regions around the world, a domestic distribution network of more than 800, a service network of 2,400, and industry-leading technology and manufacturing cost control are the confidence and backbone for Sinotruck to lead its partners to move forward and create new successes. The confidence and confidence of the company.

Looking ahead to 2025, Sinotruk Group firmly puts forward the target of 450,000 vehicles sales and over 20% year-on-year growth, and expects that the annual purchasing volume will reach 78 billion yuan, which will realize a new breakthrough in history.
In order to realize the annual task goal and build a professional, trustful and clean supply chain cooperation ecology, China National Heavy Duty Truck and its supplier partners have reached four consensus: to establish the concept of equality, mutual benefit and win-win situation; to establish the concept of high standard to improve product quality; to establish the concept of cost-cutting and cost-control to jointly withstand the cold winter; and to establish the concept of superiority and inferiority of the strongest to cherish each other.
Sinotruk Group will set up an open complaint channel, fully accept internal and external supervision, improve the highly integrated R&D community, and realize the transformation from “I want the supplier to do R&D” to “the supplier helps me to do R&D”. Refine the supplier classification and grading management system and supporting incentive mechanism, never tolerate low quality and low efficiency, never lose quality and efficiency. Strengthen the supplier cost management system audit, so that the cost down, efficiency up. Optimize the overall layout of the supply chain to ensure that the access, retention and withdrawal of suppliers are scientifically and dynamically balanced.
In the face of opportunities and challenges,Sinotruk Group will walk side by side with all suppliers and partners, be firm with one heart, work together to build a world-class full-series commercial vehicle group and supply chain system, chain the world, and win the future together.