Electric Semi-Trailers Are Next Step in Greening China's ...

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CIMC Vehicles (Group) Co., Ltd. (CIMC Vehicles) (Stock Code: 301039.SZ/01839.HK) began the production and sales of semi-trailers in 2002. Since 2013, it has retained the top position in global semi-trailer sales volume for ten years consecutively.

In 2022, the company's market share in China's semi-trailer segment increased to 14.45%. It has held the top rank in China for four years in a row. Additionally, their SDC brand led the market in the UK. CIMC also dominated the concrete mixer truck sector in China, seizing 26.32% of the market and maintaining its number one position for the sixth consecutive year.

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CIMC's "Intercontinental Operation, Local Manufacturing" strategy stands as its pivotal competitive edge, ensuring sustained growth and leadership in the global semi-trailer industry.

By the end of 2022, CIMC boasted over 600 R&D technical personnel globally, more than 1,400 registered patents, and played a leading role or actively participated in formulating 30 national and industry standards for semi-trailers and truck bodies in China.

Since 2014, CIMC has been pioneering the "Sophisticated Manufacturing System." Currently, the Group runs 14 "Light Tower" plants for semi-trailer production, 7 for specialized vehicle truck bodies, and 3 for lightweight van truck bodies. Moving forward, the Company plans to expand its "Light Tower Manufacturing Network," leveraging newly upgraded production lines and equipment to enhance efficiency, reduce costs, and achieve total production automation, intelligence, and digitization. This holistic approach will integrate the six major business groups, ensuring a robust foundation for future business development.

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