CNHTC Sales Volume in 2018 to Exceed 300,000 Units
On December 18, CNHTC Annual Business Meeting 2019 was held in Jinan, Shandong province. At the conference, Tan Xuguang, President of CNHTC, revealed that the company’s sales volume in 2018 is expected to break the 300,000 units threshold, up by 14% year on year.
Tan also revealed the company’s ambitious goal for 2019. In the coming year, it aims to increase its sales volume to 400,000 units, including 200,000 units heavy-duty trucks and 200,000 units light trucks.
In 2025, CNHTC aims to increase its business revenue to 300 billion RMB and its sales volume to 700,000 units, including 250,000 units heavy-duty trucks, 250,000 units light trucks and 200,000 units light commercial vehicles. To achieve that goal, the company has already laid out specific plans, such as further diversifying its product line, expanding its presence in the high-end heavy-duty market, cultivating new growth points in light trucks and overseas markets, especially in Europe and North America.
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