Since the second half of 2008, the impact of the international financial crisis on Chinese industry has increased. The Chinese government has made decisive adjustments to macroeconomic policies in a timely manner. At present, some measures have seen results, and some industries have shown positive signs. Among them, the domestic automobile market showed signs of recovery. The data shows that in February, the output and sales of automobiles exceeded 800,000 vehicles, reaching the highest value since July.

In the past March, the signs of recovery in the domestic auto market continued. According to the latest data analysis of the China Automotive Investment Consulting Group’s Automotive Industry Research Department, heavy truck sales of China National Heavy Duty Trucks reached 18,000 in March, a year-on-year increase of 16%. The chain growth even reached 100%, hitting the highest level in history. In February, Sinotruk's heavy truck sales were more than 9,500.

Zhang Yongli, analyst of China Investment Advisor Automotive Industry Group, believes that national policy support is the main reason for the continued rise in heavy truck sales in March. An obvious example is that in the rules for the adjustment and revitalization of the automobile industry formally promulgated on March 20, it was explicitly mentioned that the ratio of heavy trucks to trucks should exceed 25%. In addition, the country’s 4 trillion investment in expanding domestic demand began to play a role in driving the demand for dump trucks.

Since 2009, there have been noticeable signs of recovery in the domestic heavy-duty truck market. In addition to CNHTC, Shaanxi Automobile sales reached more than 4,000 vehicles in February; Futian Auman sold nearly 5,000 vehicles in February, a lot more than the 1,190 vehicles in January. .

However, looking at the global market, the outlook for the heavy truck market in the near future is still not optimistic. Swedish truck manufacturer Volvo said in a statement a few days ago that due to sluggish demand in the company’s main sales market, Swedish truck manufacturer Volvo’s global sales volume fell by 51% in February. One of the largest single markets in Volvo Europe fell 63%; the North American market fell 6%, and the Asian region fell 47%.
View related topics: China National Heavy Duty Truck Breaks Monthly Sales Record for National Heavy Truck Industry


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