Sinotruck expects to sell 100,000 heavy trucks this year

Shanghai. August 27 (Gasgoo.com) – China Heavy Truck Corporation (Sinotruck) has produced 61,838 heavy trucks in the first seven months, up 73.4 percent from a year earlier and the company expects its total annual output to reach 100,000 this year, Chinese media reported today.

In the first seven months, Sinotruck has produced 61,838 heavy trucks and 63,258 engines, up 76.2 percent from a year earlier and the company’s sales revenues reached 20.6 billion yuan ($2.73 billion), up 61.9 percent from a year earlier.

As the flagship of China’s heavy truck industry, Sinotruck makes more money than any of its competitors in the industry. The company has now  20 percent of China’s heavy truck market share.

Last year, Sinotruck produced 60,000 heavy trucks.