Time has passed in a hurry, and in the blink of an eye, 2022 has arrived.
Looking back on 2021, the situation of China's heavy-duty truck industry can not be described as uncomplicated: the epidemic rebounds from time to time, the national sixth is fully implemented, the national third elimination has entered the end, the "double carbon" target strategy has been promoted, oil/gas prices have risen, freight rates have continued to be sluggish, manufacturing production has been limited and power rations have been limited, raw material costs have risen, and chip shortages have been reduced... Although there are sales in some segments such as AMT and new energy, the overall pressure on the whole industry has doubled.
So, in the past year, what "unforgettable" major events have occurred in the heavy truck industry? What chapters are companies writing about sustainability? Below, please take a look at the first commercial vehicle network report.
N0.1 Heavy-duty trucks broke through 1 million units for the first time in the first half of the year, 1.39 million units in the whole year fell by 14% year-on-year
Affected by the full implementation of the National VI regulations for diesel trucks from July 2021, the heavy-duty truck market in the first half of the year exceeded 1 million units for the first time under the efforts of various companies to compete for the orders of China V. However, in the second half of 2021, due to the "superposition" of unfavorable factors such as sluggish demand, early overdraft, and high inventory, the ecology of the heavy-duty truck industry deteriorated sharply, and the market continued to decline off a cliff, with sales expected to be only 53,000 units in December. In 2021, there were four consecutive increases and eight consecutive declines, with total sales of 1.39 million vehicles, the second highest in history, and a 14% decrease from 2020.
Monthly trend chart of sales volume in China's heavy-duty truck market from 2015 to 2021 (unit: unit)
From 2017 to 2021, the heavy-duty truck market has sold more than 1.1 million vehicles for five consecutive years. For 2022, the industry expects heavy-duty truck sales to drop to 1 million vehicles, the market pressure in the first half of the year is relatively large, and the overall sales trend is low and high.
N0.2 The full national six era opens to accelerate product technology change Enterprises get together to build a new one
2021 is the year of the full implementation of China VI. Along with the upgrading of China VI, there is an accelerated change in product technology and market demand. Automatic transmission, intelligent network connection, high-end has become an important keyword, airbag seats, strong power, large cab and other configurations are becoming more and more mainstream.
In the face of rapid changes in market demand and the internationalization of domestic competition, major heavy truck enterprises have gathered to innovate, accelerate the upgrading and iteration of their products, and continuously enhance their competitiveness. In the first half of 2021, XCMG launched a new generation of P series heavy trucks, Foton Daimler released Auman Galaxy, Sinotruk launched Shandeka 2021 version, Dongfeng Liuqi Chenglong launched H7 Land Aviation Edition, FAW Jiefang launched J7 trucks... Each new car "you sing I debut".
XCMG's new generation P platform
Auman Galaxy
Dragon H7 Land Aviation Edition
In the second half of 2021, JAC Heavy Truck launched beyond Q7, Sinotruk launched Howo MAX, NX and Shandeka C9H high-end heavy trucks for 2022, Dayun Heavy Truck released V7 lightweight new cars, Sany Heavy Truck launched Jiangshan SECOND generation, Sanhuan Automobile released the new Haolong T5 heavy truck, Dongfeng Commercial Vehicle launched Tianlong KX King Edition and GX high-end heavy truck, Shaanxi Automobile Heavy Truck launched Delong X5000S, FAW Jiefang released Yingtu high-end heavy truck, etc. It is worth noting that with the blessing of Weichai, Cummins and Jiefang Power 15 liters, the heavy-duty truck industry has entered the 600-horsepower era.
Liberate the Eagle Road
JAC surpasses Q7
Dongfeng Tianlong GX
Universiade V7
N0.3 "Double carbon" target accelerates industry transformation The sales volume of new energy heavy trucks has continued to increase significantly
2021 is the first year of the implementation of China's "double carbon" target strategy, the power exchange model is highly respected, the rise of fuel cells, the sales volume of new energy heavy trucks has continued to rise for many months, and the thousand-level and hundred-level large orders have continued. Especially in the second half of the year, the heavy-duty truck market was sluggish, the enthusiasm of the new energy heavy-duty truck market was high, and the monthly sales record was refreshed one after another. According to the data of the first commercial vehicle network, in November 2021, the domestic new energy heavy-duty truck market sold a total of 1852 vehicles, once again breaking the monthly sales record, up 668% year-on-year, creating the largest increase since 2021. From January to November 2021, the cumulative sales of new energy heavy trucks were 7442 units, an increase of 222% year-on-year, continuing to grow at a high speed.
The "double carbon" goal accelerates the green and low-carbon transformation of the industry, and the strategic layout of major car companies continues to be continuous, and new products are intensively launched. For example, FAW Jiefang released the "15333" new energy strategy, Dongfeng Commercial Vehicle released the ecological brand "Kunyue", Foton launched a 1,000-kilometer endurance liquid hydrogen heavy truck, SAIC Hongyan launched the 10,000-vehicle hydrogen energy heavy truck industry chain project, Beiben jointly created a "scattered reform collection + new energy" green logistics project, Geely remotely released Xinghan H charging and replacing heavy trucks, XCMG launched the "e blue" new energy heavy truck brand, Sany new energy heavy truck monthly sales triple crown, Hanma Technology new energy heavy truck project started, and so on. Throughout the year, the layout of new energy heavy truck enterprises, the signing of strong chain contracts, the continuous delivery of market vehicles, and the construction of a sustainable and positive cycle new energy ecosystem are accelerating.
Dongfeng Commercial Vehicles Releases Ecological Brand "Kunyue"
Geely Remote Star H
Hongyan 10,000-vehicle hydrogen energy heavy truck industrial chain project was unveiled and laid
Beiben "scattered reform" project 370 new energy orders signed
Hanma Technology slashed a large order at the 2021 World Manufacturing Conference
N0.4 Liberation/Dongfeng/Futian/Jianghuai/Beiben/Hanma Technology and other "change of coach"
In the fierce market competition, talent is the most critical link. In 2021, in the face of rapid changes in the market situation, heavy truck companies have undergone many personnel changes, many involving "coaching changes". For example, FAW Jiefang General Manager Huanxin - Wu Bilei took office, Dongfeng Commercial Vehicle leadership team adjustment - Zhou Xianpeng as chairman, Wang Wei as general manager, Xie Houde succeeded Kelly as president and CEO of Foton Daimler, Xiang Xingchu took over as chairman of Anjindan, He Qing replaced Fan Zhiping as chairman of Beiben Heavy Duty Truck, and Hanma Technology leadership team was adjusted - Fan Xianjun as chairman and Zheng Zhiqiang as general manager.
It is worth mentioning that in order to seize the market opportunities in the first half of 2021, Tan Xuguang adjusted the resource allocation of more than 120 leading cadres of Sinotruk at the beginning of the year, laying the groundwork for the market breakthrough of Sinotruk in 2021.
N0.5 Jiefang 2021 heavy-duty truck sales of nearly 350,000 vehicles, a global four-time championship
In 2021, in the face of a complex environment of upgraded regulations, fluctuating demand, and unprecedented fierce competition, FAW Jiefang will once again achieve leapfrogging in the struggle to forge ahead with the attitude of a leader. Jiefang won the first place in ten industries with the impressive performance of 346,500 heavy-duty trucks, 373,400 medium- and heavy-duty trucks, and 23.5% of the share of medium- and heavy-duty trucks in the whole year; and set a record high of 10 consecutive domestic heavy-duty trucks, five consecutive championships of medium- and heavy-duty trucks, four consecutive championships in the world, and the brand value ranked first in the industry for ten consecutive years, winning the first battle of the "14th Five-Year Plan" "opening red".
N0.6 Sinotruk's market share exceeded 20%, ranking second in the industry
In the past three years, Sinotruk's development in the field of heavy-duty trucks has made rapid progress, and its market position has been substantially increased in 2021. With annual sales of more than 285,000 units, it jumped to second place for the first time since 2011, with a market share of 20.5%.
In addition, SINOTRUK has also achieved the industry's first increase in tractor share, the first in the industry in the growth rate of trucks, the first in the mixer truck industry, the first in the industry for emergency rescue and other high-end special vehicles, the first in the AMT transmission sales industry, and the first in the export of China's heavy truck industry for 17 consecutive years.
Shandeka C9H
N0.7 Weichai and Shaanxi Automobile Group increased the capital of Shaanxi Heavy Duty Truck by 8 billion yuan
On September 29, 2021, Weichai Power Co., Ltd. issued an announcement on the capital increase and related party transactions of its holding subsidiary. According to the announcement, in order to optimize the capital structure of its holding subsidiary, Shaanxi Heavy Duty Truck Co., Ltd., reduce the asset-liability ratio, create competitive advantages in independent core technologies such as new energy and intelligent network connection, and achieve the sustainable and healthy development of Shaanxi Heavy Duty Truck, Weichai Power Co., Ltd. and Shaanxi Automobile Group Co., Ltd. have negotiated to determine the current shareholding ratio of the two parties (Weichai Power's shareholding ratio is 51%, Shaanxi Automobile Group's shareholding ratio is 49% The capital increase of Shaanxi Heavy Duty Truck shall not exceed RMB4.08 billion and RMB3.92 billion respectively, and the capital increase will be in place in installments, of which the first phase of capital increase will be RMB1.02 billion and RMB980 million respectively.
This capital increase will strongly support Shaanxi Heavy Duty Truck to achieve the "14th Five-Year Plan" strategic plan, occupy a new highland for future technology and market, and achieve innovation-driven and strategic transformation.
Shaanxi Automobile X5000S
N0.8 Completion of the restructuring of Shangchai shares Hongyan ushered in a new period of strategic development
The dust has settled on the reform of state-owned assets and the reorganization of market-oriented enterprises. On August 26, 2021, the delivery of Saqchai's major asset restructuring assets was completed, and 100% of SAIC Hongyan's equity, 50% of Shangyi Investment's equity and 10% of Shangfei Hong's equity were transferred to the name of Shangchai shares. After the completion of the reorganization, "New Shangchai" will be committed to creating a new pattern of coordinated development of the two major industrial sectors of heavy trucks and diesel engines, and will drive the transformation and development of the "new four modernizations" business driven by the whole vehicle.
On September 9, "SAIC Iveco Hongyan Commercial Vehicle Co., Ltd." was officially renamed as "SAIC Hongyan Automobile Co., Ltd." On September 23, Lan Qingsong released the 14th Five-Year Plan and targets for SAIC Commercial Vehicles, by the end of the "14th Five-Year Plan", the sales volume of commercial vehicles should be doubled to reach 500,000 vehicles; operating income should exceed 100 billion yuan, the proportion of new energy sales should increase to 38%, the installed capacity of intelligent networks should increase to 60%, overseas sales accounted for 25%, and the "ten, hundred, thousand, ten thousand" hydrogen energy strategy of fuel cell vehicles should make a major breakthrough. Under the overall planning of SAIC Group and the power of capital, SAIC Hongyan ushered in a new period of strategic development.
N0.9 New forces are emerging! BAIC, Great Wall, Yutong, Jinlong force heavy truck industry
The high sales volume of the heavy-duty truck market and the huge development opportunities presented by new energy heavy-duty trucks have attracted many new forces to enter the industry. Among them, the power of BAIC, Great Wall, Yutong and Jinlong has attracted much attention.
Yutong 2021 batch announcement of new energy heavy truck new vehicles and launched new diesel tractor truck products, new energy dump trucks and mixer trucks have been delivered in batches; Xiamen Jinlong power fuel cell truck field, launched tractors and dump truck related products; BAIC heavy truck project has been launched in early 2021, 2022 will fully enter the critical period, and strive to reach 60,000 vehicles in 2025, becoming the second echelon leader of the domestic heavy truck industry; Great Wall Motor has completed the acquisition of Hebei Long March Automobile. Officially entered the heavy truck industry.
N0.10 The localization strategy of foreign brands accelerates the internationalization of domestic competition
2021 is a year to accelerate the implementation of the localization production strategy of foreign truck enterprises in China.
On August 23, 2021, Volvo Trucks acquired 100% of the equity of Jiangling Heavy Duty Trucks for 780 million yuan; on November 5, Volvo Trucks' first model to be produced in China was launched in China; on November 19, Scania China revealed that the "Chinese Style" V8 heavy truck was about to land in China; on December 17, Daimler Trucks announced its mercedes-Benz heavy-duty tractor product strategy for production in China, which is expected to be mass-produced in Foton Daimler in the fourth quarter of 2022.
Volvo acquires Jiangling Heavy Duty Truck
Scania V8
Beijing Foton Daimler new plant
epilogue
The continuous iteration of product technology and the gradual upgrading of user needs have pushed the wheels of the heavy truck industry forward. At the same time, the requirements of industry policies for green, low-carbon, intelligent security and so on have also prompted heavy-duty truck companies to build their own product layout towards the trend of safer, more efficient and more environmentally friendly, and accelerate the pace of new energy transformation.
After 5 consecutive years of sales of more than 1 million vehicles and 5 consecutive years of sales of more than 1 million vehicles, what opportunities and challenges will China's heavy-duty truck industry face in 2022?