September 2024 Newsletter
Hello everyone, It’s already September, marking the arrival of autumn in China. Autumn, a season that embodies harvest and the culmination of efforts, holds great promise for all of us. I sincerely wish that in the year 2024, each of you will enjoy a season of abundant blessings and rewarding achievements. According to the latest data released by the China Association of Automobile Manufacturers (CAAM), China’s commercial vehicle market achieved robust growth in the first half of 2024. Production and sales of commercial vehicles reached 2.005 million and 2.068 million units respectively, marking a year-on-year increase of 2% and 4.9%. This achievement underscores the remarkable resilience of the commercial vehicle market and signals a gradual recovery from the downturn, embarking on a new phase of development. Notably, new energy commercial vehicles emerged as a standout performer, with sales surpassing approximately 220,000 units in the first half, a staggering 120% year-on-year... Read More