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Hong Kong Stock Market News | Sinotruk (03808) surged over 3%, the effect of the old-for-new policy is evident, with a month-on-month increase in the heavy truck market in November.
Sinotruk (03808) rose over 3%, as of the time of writing, it increased by 3.14%, trading at 23 Hong Kong dollars, with a transaction amount of 24.5464 million Hong Kong dollars.
Sinotruk (000951): Domestic sales and exports flourish simultaneously, and significant growth can be expected for the major country truck brand.
The company is a leading manufacturer of heavy-duty trucks under the Heavy Truck Group, with heavy-duty truck sales accounting for 56% of the group's total. According to First Commercial Vehicle Network, in Q1-Q3 of 2024, the Heavy Truck Group sold 0.1874 million vehicles, achieving a market share of 27.5%, firmly maintaining the first position.
sinotruk's MC07H National VI high-efficiency engine: Technology breakthrough empowers transportation industry to reduce costs and increase efficiency
In today's global autos industry transformation wave towards high efficiency, eco-friendly, and technology-driven, the logistics transportation industry's efficiency continues to improve, making the efficient commercial vehicle imperative. As a leader in the commercial vehicle sector, Sinotruk once again accelerates the upgrade and iteration of transportation equipment by driving with advanced technology, launching the self-developed MC07H National VI high thermal efficiency engine. In a kingly manner, it provides powerful engine support for diverse transportation scenarios, accelerating the transformation and upgrade of the logistics transportation industry. With top-notch cutting-edge technology support, power comes effortlessly. Sinotruk, steering with technological innovation, is committed to creating a smart engine that reduces costs and increases efficiency, making it robust and powerful.
In November, China's heavy truck market sales increased by 0.071 million units, up 7% month-on-month, ending five consecutive declines.
According to the preliminary data obtained by the First Commercial Vehicle Network, in November 2024, China's heavy truck market sold approximately 0.071 million vehicles in total (wholesale basis, including exports and new energy), a 7% increase from October, basically flat compared to the same period last year's 0.0711 million vehicles.
Sinotruk Hong Kong Announces Key Meeting for 2025 Plans
Hong Kong stocks movement | Sinotruk (03808) is currently down over 4%. The performance of heavy truck domestic sales in October is relatively weak, and institutions suggest that the economic climate is expected to bottom out and rebound.
Sinotruk (03808) is now down more than 4%, as of the time of this report, it has fallen by 4.04%, to HKD 21.35, with a turnover of 42.322 million Hong Kong dollars.
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