International truck makers are facing increasingly tough competition from Chinese commercial vehicle companies, which have already cornered their domestic market and are now aggressively moving to the export market – especially south-east Asia and Africa.
Alix Partners, the automotive industry consultancy, said in a report released in Shanghai on Wednesday that China last year produced nearly half the world’s heavy and medium commercial vehicles.
The industry was helped by strong local demand and increasing exports to emerging markets, where China’s trucks are priced at less than half those of global truck makers.
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