Sinotruk revs up factory plans

China National Heavy Duty Truck Group, the country's largest truck manufacturer by revenue, will speed up efforts to develop manufacturing facilities in countries along the Belt and Road to battle sluggish exports, a senior company executive said.

The company, also known as Sinotruk, will consider acquisitions and investment in these countries to produce diversified products locally, Yang Zhengxu, general manager of Sinotruk Import and Export Co Ltd, said on Monday.

Sinotruk currently has eight overseas manufacturing facilities in countries including Russia and Vietnam.