CIMC Vehicles Retains Top Spot in the Global Semi-Trailer Industry

September 25,2023

September 25, 2023, China, Recently, the well-known global semi-trailer magazine, Global Trailer, officially released the 2023 ranking of the top 50 semi-trailer manufacturers worldwide by production volume. As the only Chinese company on the list, CIMC Vehicles, a leading manufacturer of high-end global semi-trailers and specialized vehicles, dominated the top spot with a production volume of nearly 152,000 units. Since 2013, CIMC Vehicles has maintained its position as the world's number one semi-trailer manufacturer for eleven consecutive years.
In the Chinese market, CIMC Vehicles has achieved a significant increase in market share, sales, and profits by integrating production and manufacturing resources. It has become a benchmark for supply-side reform in the domestic semi-trailer industry, a model for high-quality development, and a dual-wheel driving example. As for the international market, thanks to forward-looking strategies, CIMC Vehicles has established six overseas "lighthouse" factories, greatly improving production efficiency and paving the way for explosive performance in overseas markets.

In the first half of this year, CIMC Vehicles' North American business continued its growth momentum, exceeding expectations with revenues of 6.234 billion yuan, a year-on-year increase of 34.67%. At the same time, CIMC Vehicles' North American business successfully delivered new energy refrigerated semi-trailers to local customers, setting an industry benchmark for new energy refrigerated semi-trailers.

In the European market, CIMC Vehicles operates under the renowned brands "SDC" and "LAG," ranking at the forefront of the European tank trailer market due to its high commercial value, low fuel consumption, and lightweight product performance. In the first half of this year, the European business saw a 28.12% year-on-year increase in revenue, reaching 1.63 billion yuan, with a 1.81% increase in gross profit margin, benefiting from a stable global supply chain system and advantages in transcontinental operations.

In emerging markets, with the advancement of the "Belt and Road" initiative and China's comprehensive strategy to expand its commercial vehicle presence internationally, there is significant growth potential for semi-trailers. CIMC Vehicles is actively seizing opportunities for high growth in emerging market businesses, expanding its presence in Southeast Asia, the Middle East, South Africa, Central America, and other regions, continuously exploring incremental demand, and achieving rapid growth.

Source : www.chinaspv.com

Editor : Rosy

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