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Truck manufacturers face overcapacity

By Du Xiaoying in Beijing and Sun Ruisheng in Taiyuan, Shanxi province ( China Daily ) Updated: 2016-08-02 08:00:21

China's truck manufacturers are keeping their eyes on international markets and on production upgrading as ways to deal with the industry's severe overcapacity.

"The level of globalization will decide the future of our company", said Ma Chunji, chairman of China National Heavy Duty Truck Group Co Ltd, also known as Sinotruk, the top exporter of heavy trucks. According to him, Sinotruk will export half of its total sales in the future.

The company will also speed up its spending on high-end markets, including targeting products for New Zealand and Ireland. It has upgraded its production line in the past two years.

Truck manufacturers face overcapacity

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