Understanding the Market | SINOTRUK rises over 8% as new energy heavy truck policies are released, the company is expected to benefit from export trends in Africa and Southeast Asia

Zhitong
2026.06.15 02:55

SINOTRUK rose over 8%, as of the time of writing, it increased by 7.99%, trading at HKD 45.14, with a transaction volume of HKD 261 million. In terms of news, recently, the Ministry of Transport, the National Development and Reform Commission, the Ministry of Industry and Information Technology, and 11 other departments jointly issued the "Implementation Plan for Promoting the Large-Scale Application of New Energy Heavy Trucks," which clearly states that by 2030, the penetration rate of new energy heavy trucks will reach 40%, with the number of vehicles exceeding 1.6 million, accounting for about 20% of the total vehicle ownership. This move aims to accelerate the green and low-carbon transformation in the transportation sector. New energy heavy trucks refer to heavy-duty trucks with a total mass of 12 tons or more that use new power systems. Huayuan Securities pointed out that SINOTRUK is a leading heavy truck company in China and is expected to fully benefit from the trend of heavy truck exports to Africa and Southeast Asia. The focus is on the export of Chinese heavy trucks to Africa and Southeast Asia, with the core logic being that these regions have significant potential for per capita GDP growth, and infrastructure + logistics + mining are expected to drive the demand for heavy trucks. Domestically, with the implementation of trade-in programs and expectations for the replacement cycle of National V vehicles, domestic heavy truck sales are expected to improve. After the volume production of SINOTRUK's new energy heavy trucks, its profitability is also expected to improve

According to Zhitong Finance APP, SINOTRUK (03808) rose over 8%, as of the time of writing, it increased by 7.99%, trading at HKD 45.14, with a transaction volume of HKD 261 million.

In terms of news, recently, the Ministry of Transport, the National Development and Reform Commission, the Ministry of Industry and Information Technology, and 11 other departments jointly issued the "Implementation Plan for Promoting the Large-Scale Application of New Energy Heavy Trucks," which clearly states that by 2030, the penetration rate of new energy heavy trucks will reach 40%, with a stock exceeding 1.6 million units, accounting for about 20% of the total stock. This move aims to accelerate the green and low-carbon transformation in the transportation sector. New energy heavy trucks refer to heavy-duty cargo vehicles with a total mass of 12 tons or more that use new power systems.

Huayuan Securities pointed out that SINOTRUK is a leading heavy truck company in China and is expected to fully benefit from the trend of heavy truck exports to Africa and Southeast Asia. The focus is on the export of Chinese heavy trucks to Africa and Southeast Asia, with the core logic being that these regions have significant potential for per capita GDP growth, and infrastructure + logistics + mining are expected to drive the demand for heavy trucks. Domestically, with the implementation of trade-in programs and the expectation of a replacement cycle for National V standards, domestic heavy truck sales are expected to improve, and the profitability of SINOTRUK's new energy heavy trucks is also expected to improve after ramping up production

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