Improved highways to boost truck sales
April 12, 2012 Category Logistics, Road transport
Sales of mid-sized and professional vehicles are expected to soar in China over the next five years due to the rapid development of the country’s logistics and highway infrastructure, according to Baotou Bei Ben Heavy-duty Truck Co in Inner Mongolia. The company aims to double its current production capacity of 100,000 units by the end of the 12th Five Year Plan period (2011-2015). By that time, it hopes to generate more than CNY40 billion in sales revenue. Su Ritu, Deputy General Manager of a truck assembly company owned by Baotou Truck Co, said the demand for heavy-duty vehicles will rapidly grow because the country will pay more attention to the construction of highways, large-scale projects and logistics infrastructure in the coming years. Baotou Truck Co sold 118,197 vehicles during the 11th Five Year Plan period (2006-2010), raising its market share to more than 5% in the country. It aims to sell 150,000 vehicles during the next four years, according to the company.
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