Dongfeng Auto managed to sell 39,900 units last month, gaining a 15.7 percent market share. The company was followed by Beiqi Foton Motor, which registered a February sales figure of 37,700 units. FAW car took the third place, selling 29,700 commercial vehicles. It was followed by Jianghuai Auto, with 19,200 units sold. The fifth best-selling commercial vehicles producer was Sinotruk Group, which reached 15,000 units.
The 10 best CV manufacturers in the country registered a combined sales figure of 191,100 units, accounting for 71 percent of the Chinese commercial vehicles market in February. In the first two months of the year, the combined sales of the producers reached 430,100 units, or 70 percent of the country’s CV sales in 2010.
The Chinese commercial vehicle market expanded by 21.5 percent in February, as compared to the same month of 2009, reaching 268,600 units. However, the figure represents a 22,87 percent fall as compared to the one registered in January 2010. The total commercial vehicles sales for January and February 2010 reached 616,800 units - a 77,87 percent year on year surge. China’s commercial vehicle production increased by 88.02 percent in the first two moths of the current year, reaching 657,700 units.
The world’s largest heavy trucks manufacturer, Daimler trucks, plans to enter the Chinese market: the company recently announced that it has received government approval for a joint venture with Beiqi Foton Motor. The joint business’s plant is scheduled to start production in 2012. The tie-up also plans to build trucks under both Daimler and Foton brands.