For the development of heavy-duty truck industry in 2008, the market has different views. The negative factors discussed by analysts are that the tighter monetary policy causes a reduction in fixed asset investment. The enforcement of the national III emission standard has increased the cost of the heavy truck manufacturing company by about 20%. The appreciation of the renminbi also affects the export of heavy truck products. The advance consumption caused by news of new emission standards will also disappear as the policy is implemented. However, most analysts believe that the growth rate of heavy truck industry will decline, but the growth momentum can still be maintained. The implementation of State III emission standards will increase the cost of heavy truck manufacturing companies, but heavy trucks have stronger production data attributes, mainly rigid demand, and heavy truck manufacturers will pass around 10% of cost pressure to users. It should not be too sensitive. The weight-in-charge policy, the rapid development of the logistics industry, the inertia of fixed asset investment, and the internal driving force of large-horsepower product updates can still support about 20% increase in sales of the heavy truck industry. According to the group's plan, it is expected that Shaanxi Heavy's output in 2008 and 2010 will reach the scale of 80,000 and 100,000 vehicles, respectively, making it a pivotal role in the domestic heavy truck market. Domestic Steyr platform-based heavy-duty truck products have little difference in quality. In the future, Shaanxi Auto's products will use Weichai's brand advantage to gain sales growth beyond the industry. Fast Transmission is the key product of Weichai Power. At present, the transmission capacity of Fast Transmission Products in the domestic heavy-duty truck market of over 15 tons has reached 96%, and it has developed into the largest single heavy-duty transmission manufacturer in the world, forming an annual output of 500,000 heavy-duty transmissions and 15 million. Set of gear parts and 80,000 tons of castings' comprehensive production capacity. In the next few years, Fast's dominant position in the heavy-duty truck transmission market will remain untouched. Weichai engine products accounted for one-third of the heavy truck power market in 2007, ranking first in the industry. At present, besides the heavy truck market, Weichai engine products have also made breakthroughs in large passenger cars and shipbuilding industries, and have become the core configuration of Yutong, Jinlong and other leading domestic bus companies. Huahui Securities analyst Liu Hui pointed out that one of the future breakthroughs of Weichai Engines is to rely on its own technological advantages to obtain market opportunities for the upgrading of large-displacement engines.
Weichai Power: heavy truck gold chain owners
After the stock swap absorption and merger of the Hunan Torch, Weichai Power's products have formed the highest quality gold chain in the domestic heavy truck industry such as vehicles, powertrains, transmissions, and axles. Under the background of the continuous growth of the heavy truck industry, Weichai Power will become a company that benefits all-round.