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Welcome to this week's summary of China's truck and core power sector dynamics. This issue focuses on key breakthroughs in the global layout of domestic leading enterprises, the upsurge in overseas market deliveries, and new progress in technological collaboration: Chinese heavy-duty trucks have achieved crucial access breakthroughs in the European market, truck-related enterprises have made bulk exports covering multiple regions including Asia, Africa, Europe and America, and the overseas commercialization of core power technologies has accelerated. In addition, leading enterprises have integrated resources through partner conferences and overseas network layout to lay a solid foundation for global expansion in 2026, and the industry's trends towards greenization and intelligence have become increasingly prominent. Next, let's review the core dynamics of this week.
This week, Chinese heavy-duty truck enterprises have made landmark progress in high-end overseas markets, with Europe emerging as a core breakthrough point for global layout.
Startup company Supro Technology successfully obtained the World Manufacturer Identifier (WMI) certification in January, officially joining the ranks of internationally recognized vehicle manufacturers and opening up key access links for its in-depth development in the European market. Previously, Supro's first electric heavy-duty truck for the European market, the eTOPAS 600, has successfully passed more than 30 German and EU regulatory tests. With the landing of this WMI certification, key issues such as mass production delivery and legal registration have been completely resolved. It will launch commercial scene trials for European customers in the first quarter of 2026, deepening the layout in European trunk line logistics with Germany as the strategic fulcrum.
Guojin Securities released a research report on January 15, pointing out that 2026 will become the first year for Chinese heavy-duty truck enterprises to enter the European market on a large scale. Under the global trend of electrification transformation, Chinese automakers' technological advantages in batteries, electric drive systems and vehicle integration have continued to stand out, successfully breaking the market barriers of the fuel vehicle era. For Chinese heavy-duty truck brands, the European market is not only an important growth driver for sales volume, but also helps achieve per-vehicle profit improvement and brand upgrading; the Asian, African and Latin American markets continue to be in a dual-growth stage of "market expansion + share increase", and the Russian market is expected to gradually recover after inventory digestion.
Strategic collaboration among domestic enterprises provides solid support for global empowerment. From January 12 to 14, BAIC Heavy-Duty Truck held the 2026 Partner Conference with the theme of "Entering a New Stage, Activating New Momentum" in Suzhou, releasing the "Zhui Meng + Lan Meng" dual-brand matrix and unveiling a number of new models. The conference deeply integrated upstream and downstream industrial chain resources, optimized the partner system, and clarified the target of increasing overseas market share.
On January 15, FAW Jiefang held a high-level exchange meeting between its Power Assembly Division and Qingqi Company, focusing on the adaptation of chassis-bridge integration and smart power domain technologies, strengthening the core competitiveness of independent power assemblies, providing technical support for the supporting of overseas heavy-duty truck models, and continuing the international layout strategy established at its previous global partner conference.
On January 9, the Overseas Business Division of Dongfeng Import and Export Company for Medium and Heavy Commercial Vehicles held the 2026 Work Launch Meeting and Situation & Goal Education Conference with the theme of "Transforming for Innovation, Deepening for the Future, Winning 2026", systematically summarizing the work in 2025 and deploying overseas market expansion tasks for 2026 to help accelerate the global layout of medium and heavy commercial vehicles.
On January 12, the Overseas Business Division of Dongfeng Import and Export Company for Pickup Trucks held the 2026 Annual Work Launch Meeting with the theme of "Transforming for Vitality, Forging Ahead Globally", clarifying the core goals such as overseas channel expansion and market deepening for pickup products, laying the foundation for overseas growth of pickup business.
Industry data shows that in 2025, China's heavy-duty truck industry achieved annual wholesale sales of over 1.13 million units, a year-on-year increase of 26%, with exports approaching 330,000 units, and non-Russian markets becoming the main growth driver; in 2026, the domestic National V update cycle and the continuation of subsidy policies will support domestic demand, and exports are expected to increase by 14% year-on-year to 380,000 units, indicating a promising prospect for the industry's global development.
Leading construction machinery-related truck enterprises have started their 2026 overseas expansion with bulk deliveries, covering multiple core global markets, which has become a major highlight of the industry this week.
XCMG Machinery performed particularly prominently. This week, it shipped a number of equipment and supporting truck-related products such as aerial work platforms, loaders and excavators to Europe, North America, South Asia, the Middle East and other regions. Among them, 190 units of XE215C and other models of excavators were sent to Myanmar's mines, the first batch of 60 Kunpeng series electric forklifts were delivered to Europe, and hundreds of new energy forklifts and electric port machinery equipment were shipped to Southeast Asia to support local low-carbon infrastructure.
On January 15, XCMG's truck-mounted cranes and side cranes were mass exported to the world. The supporting truck products, with customized design and high reliability, adapt to diverse climates and working conditions, serving key global projects such as transportation and municipal administration, with a total overseas order value exceeding 1 billion yuan.
The regional market layout has been continuously improved, and the African market has become a key focus for domestic enterprises. On January 13 (local time), Lingong Qihang(LGQH) Kenya Machinery Co.,Ltd officially opened in Nairobi. Relying on Kenya's regional radiation advantages, it exports construction machinery-related truck products adapted to Africa's complex working conditions, further improving the sales and service network and strengthening the penetration rate of Chinese equipment in the African market.
On January 11, Shandong Pengcheng Max won an African excavator order of about 200 million yuan. The main product, the DX370 excavator with supporting trucks, has undergone customized upgrades such as reinforced mechanical arms and expanded water tank capacity for Africa's complex terrain and harsh climate, with a stable monthly supply of 30 to 36 units. Currently, more than 90% of the company's products are exported overseas, covering Europe, America, the Middle East, Southeast Asia and other regions, and providing supporting services for international leading machinery manufacturers.
Core power enterprises have accelerated their penetration into overseas markets through technological innovation and collaborative cooperation with OEMs, becoming an important highlight of the industry this week.
Yuchai's new energy power technology has achieved key overseas commercialization. The Tongli Heavy Industry new energy mining trucks equipped with its YCK16-400kW mining hybrid power assembly system were mass exported to Indonesia. This hybrid power assembly accurately matches the efficient and low-carbon needs of Indonesia's mining operations, and promotes the promotion and popularization of China's high-end mining power technology in the Southeast Asian market with stable power output and excellent reliability.
Weichai Group has made breakthrough progress in hydrogen energy technology. In January, the hydrogen internal combustion engine generator set jointly developed with Wuxi Huaguang Environment-Protection & Energy-Saving Group achieved the first domestic grid-connected stable operation of pure hydrogen power generation. Its WP13 hydrogen internal combustion engine has overcome the problem of combustion instability with a power of 290kW, which can adapt to multiple truck application scenarios. Currently, relevant products have been displayed at the German Auto Show, and overseas orders have increased significantly.
This week, a number of strategic cooperations and high-level interactions in the industry have been realized, injecting new momentum into the global development of the truck and power sectors.
On January 12, Francois Provost, CEO of Renault Group, led a delegation to visit Dongfeng Motor Corporation and held talks with Yang Qing, Chairman and Party Secretary of Dongfeng Motor Corporation, and other senior management. The two parties will further deepen cooperation in overseas markets, technological research and development and other fields to support the global layout of Dongfeng trucks and related products.
On January 7, GAC International signed a strategic cooperation agreement with Grab in Guangzhou. The two parties will join hands to explore the Southeast Asian electric mobility market, focusing on the collaborative development of new energy trucks and mobility services. With the help of Grab's channel advantages in Southeast Asia, they will accelerate the market penetration of GAC's new energy trucks.
This week's industry dynamics have fully demonstrated the resonance effect formed by policy dividends and overseas demand, becoming the core driving force for the growth of China's truck and power sectors. With the implementation of the new energy-saving standards for light commercial vehicles in January, the industry's green transformation has accelerated, and high-efficiency internal combustion engines and new energy technologies have become the focus of R&D.
While consolidating their market share in Asia, Africa and Latin America, leading enterprises have actively broken through the technical barriers of the high-end European market. Through bulk order deliveries, overseas KD factory construction, and the opening of localized service outlets, they have upgraded from single product export to integrated ecological export of "R&D, production, sales and service", and the industry concentration and global competitiveness have continued to improve.
The truck segment has shown brilliant highlights, with pickups and new energy trucks becoming new growth points in overseas markets; the power sector has achieved remarkable technological innovation results, and new energy technologies such as hybrid and hydrogen energy have gradually realized overseas commercialization, providing core technical support for the industry's globalization.
In the future, the expansion of the European electrification market, the commercialization of new energy technologies such as hydrogen energy, and overseas localized layout will become the key directions for the high-quality development of the industry. Next, we will continue to pay attention to the progress of emission regulations, overseas market order dynamics and the implementation of new technology applications. Please stay tuned!
