Sinotruk is aiming to become one of the world’s top three truckmakers by volume within five to 10 years, underlining Chinese industrial companies’ growing ambition for global leadership.
Qing Pan, executive board member of Sinotruk, told the Financial Times that the Chinese truck group was looking to close the gap on Germany’s Daimler, the world’s largest truckmaker, and its two bigger Chinese rivals – Dongfeng and FAW after claiming it had overtaken India’s Tata as global number four this year.
“Sinotruk would like to become one of the top three players in the world in less than a decade – I would say within five to 10 years,” he said at the Hanover truck fair.
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