Sinotruck aims to sell 135,000 trucks this year
Shanghai, January 25 (Gasgoo.com) China's largest heavy truck maker, China National Heavy-duty Truck Corporation or Sinotruck announced that it aims to sell 125,000 -- 135,000 heavy trucks by the end of this year, reaching its sales target two years ahead of its original plan.
Foreign exchange earned through its heavy truck export is expected to reach $600 million by the end of this year, the company said.
Last November, Sinotruck started trading in the Hong Kong stock market, which helps the company to raise US$1.2 billion in its initial public offering. The IPO lays the ground for the company's further growth.
In 2007 Sinotruck sold more than 100,000 heavy trucks in the Chinese market, holding 20.8% of China's heavy truck market share.
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