On December 11, Sinotruk Global Supply Chain Strategic Partnership Conference 2025, themed “WE ARE ONE-One Family, One Heart, Work Together, Surely Succeed,” took place at the Shandong International Convention and Exhibition Center. Liu Qiang, Member of the Standing Committee of the CPC Shandong Provincial Committee and Secretary of the Jinan Municipal Committee, and Man Shengang, Secretary of the Party Committee and Chairman of Shandong Heavy Industry Group, attended and delivered speeches.
On behalf of the Jinan Municipal Party Committee and the Jinan Municipal Government, Liu Qiang expressed gratitude to Sinotruk and its strategic partners for their long-standing support of Jinan's economic and social development. He noted that, in recent years, through joint efforts from all parties, Sinotruk has achieved continuous progress, with its business performance once again leading the industry this year. Jinan, where the headquarters of Sinotruk is located, has been thoroughly implementing the new development philosophy, steadily advancing green, low-carbon, and high-quality development, and accelerating the construction of a modern industrial system. Jinan's industrial scale has expanded, technological innovation within industries has deepened, digital transformation has advanced, and resource allocation has become increasingly optimized. These efforts have ensured steady and progressive economic development. Looking ahead, Jinan will continue to support Sinotruk's growth, strengthen its core business, assist in its technological innovation endeavors, and provide precise enterprise services to jointly write a new chapter of win-win cooperation.
Man Shengang stated in his speech that since the beginning of this year, Shandong Heavy Industry Group has maintained a sound development trend characterized by steady progress and qualitative improvement, with its major operational indicators reaching the best levels in history. As the cradle of China’s heavy-duty truck industry, Sinotruk has rooted itself in Jinan, established a solid foundation in Shandong, expanded across China, and marched globally, becoming a leading enterprise in China’s commercial vehicle industry and a renowned brand in the global commercial vehicle sector. Looking to the future, Shandong Heavy Industry Group will resolutely strive to build a world-class multinational group specializing in high-end equipment, driven by technological leadership and green development. It will accelerate the strategic transformation in new energy, digital intelligence, and the aftermarket, turning the industrial chain into a collaborative chain, an innovation chain, a green chain, and a win-win chain. Together with global partners, the group aims to achieve mutual growth, shared success, and a win-win future.
The conference announced the decision to recognize Sinotruk’s outstanding suppliers for 2024 and presented awards to representatives of these suppliers.
Before the conference, Man Shengang met with representatives from Sinotruk’s strategic suppliers, including Bosch, ZF, and CATL. The suppliers expressed that Sinotruk has continued to make high-intensity investments in R&D, taking a leading position in the transformation of the commercial vehicle industry toward high-end, intelligent, and green development. Sinotruk has built world-class R&D capabilities and offers the most comprehensive product portfolio, enabling it to quickly respond to global market changes and diverse customer needs. As the “chain master” enterprise, Sinotruk adheres to the philosophy of “WE ARE ONE—One Family, One Heart, Work Together, Surely Succeed,” demonstrating an excellent team spirit and brand image. It has established a highly trusted, closely cooperative, and mutually beneficial partnership with global suppliers, creating an industry-leading supply chain ecosystem.
During the event, Sinotruk hosted a product exhibition, featuring 79 different models, including heavy-duty trucks, light trucks, specialized vehicles, dump trucks, and buses, as well as powertrains, autonomous driving systems, and other assemblies and components. A series of new products leading the industry were unveiled, including the all-scenario new energy product series, the pioneer V wide-body light commercial vehicle, the next-generation high-end heavy-duty truck platform, the new HOWO TX7-N, and the HOWO Hanjiang 2025 light truck.
In 2024, Sinotruk overcame the challenges posed by the industry's downward pressure by working closely with its partners to vigorously advance the “Quality, Innovation, and Cost Reduction” management enhancement initiative and the “Continuous Optimization of Market Layout and Expansion of Brand Matrix Effect” campaign. Together, they seized global market opportunities, achieving remarkable business performance that solidified Sinotruk’s position as the industry leader in heavy-duty truck sales, exports, and operational quality and efficiency. For the year, Sinotruk’s total vehicle sales are expected to reach 370,000 units, representing a year-on-year increase of over 10%. Its consolidated revenue is projected to exceed RMB 194 billion, also growing by over 10%. The total profits and taxes are estimated to reach RMB 12 billion, reflecting a year-on-year increase of more than 15%. Heavy-duty truck exports are expected to reach 135,000 units, setting a new record. Sales of new energy heavy-duty trucks are estimated at 8,600 units, achieving a fourfold year-on-year increase.
Han Wei, Member of the Standing Committee and Secretary-General of the Jinan Municipal Party Committee; Wang Zhijian, Deputy Secretary of the Party Committee and President of Shandong Heavy Industry Group, and Secretary of the Party Committee and Chairman of Sinotruk ; relevant leaders of Shandong Heavy Industry Group, Sinotruk, and subsidiaries in Shandong Province; as well as executives in charge of procurement, R&D, and manufacturing from Sinotruk, attended the event. Representatives of 1,080 suppliers of Sinotruk’s global network also participated in the conference.
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