Sinotruk Group

China National Heavy Duty Truck Group Co., Ltd. (hereinafter referred to as "Sinotruk") traces its origins to the Jinan Automobile Manufacturing General Plant, founded in 1930, and is the cradle of China's heavy-duty truck industry. In 1960, it produced China's first heavy-duty truck—the Yellow River brand JN150 8-ton cargo truck—ending China's inability to manufacture heavy-duty trucks. On May 4 of that year, Chairman Mao Zedong inspected Jinan, viewed the prototype, and spoke highly of it. On January 11, 1966, Chairman Zhu De personally inscribed the two characters "黄河" (Yellow River) for the brand. During the early period of socialist construction, "Yellow River" trucks enjoyed nationwide fame, making significant contributions to the national economy and development, and became a symbolic achievement of the Chinese nation's self-reliance and hard work. In 1983, with the personal attention of Comrade Deng Xiaoping, Sinotruk successfully introduced the Austrian Steyr heavy-duty truck project, becoming the first enterprise in China to fully introduce foreign heavy-duty truck manufacturing technology. "Steyr" once became a synonym for heavy-duty trucks in China.

In 2007, Sinotruk successfully achieved a red-chip listing on the Main Board in Hong Kong, becoming the first red-chip stock listed in China's manufacturing industry and initially establishing a platform for international development. In 2004, the new-generation heavy-duty truck model HOWO, independently developed, was born and launched to the market in 2005, achieving annual sales of over 10,000 units in the first year, setting a new record in China's heavy-duty truck history at that time. In 2013, the SITRAK series products with independent intellectual property rights were officially launched, leading the development of China's heavy-duty truck industry. In 2020, Sinotruk launched the new-generation high-end national brand "Yellow River" heavy-duty truck globally, leading China's heavy-duty trucks to the world stage.

Sinotruk mainly researches, develops, produces, and sells various cargo trucks, special vehicles, special-purpose vehicles, and assemblies such as engines, transmissions, axles, and other automotive parts. It owns all-series commercial vehicle brands including Yellow River, SITRAK, and HOWO, and is one of the most complete heavy-duty truck enterprises in China in terms of drive forms and power coverage. It has three listed subsidiaries: Sinotruk (Hong Kong) Limited (Hong Kong red-chip company), Sinotruk Jinan Truck Co., Ltd. (Shenzhen A-share listed company), and Zhongtong Bus Holding Co., Ltd. (Shenzhen A-share listed company). Products are exported to more than 110 countries and regions, accounting for half of China's heavy-duty truck exports.

With the corporate vision of "building a world-class full-series commercial vehicle group," Sinotruk accelerates independent innovation, continuously increases R&D investment, brings in high-end technical talent, fosters an entrepreneurial ecosystem, and builds high-end national independent brands. Sinotruk has one of the first nationally recognized enterprise technology centers, the National Heavy-Duty Truck Engineering Technology Research Center, and the National Heavy-Duty Truck Quality Supervision, Inspection and Testing Center, with comprehensive R&D and testing capabilities for complete vehicles, engines, parts, and materials processing, and possesses high-precision equipment for various machining, testing, and experimentation. Its testing and inspection capabilities for vibration and strength of engines, complete vehicles, and components have reached world-class levels. All series of complete vehicles, key assembly systems, and key technologies have reached world-class levels, filling multiple domestic gaps and leading industry technological progress. Sinotruk has been awarded honorary titles such as "China Excellent Innovative Enterprise" and "China Quality and Integrity Enterprise," and its project "Key Technologies and Industrialization of Automatic Mechanical Transmission Hybrid Power System Assembly for Commercial Vehicles" won the second prize of the National Science and Technology Progress Award.

Over the years, under the strong leadership of the provincial party committee, provincial government, and the Jinan municipal party committee and government, Sinotruk has unswervingly implemented General Secretary Xi Jinping's important directive of "focusing wholeheartedly on the main business," accelerated independent innovation, formed a new ecosystem of passionate work, and accelerated onto the fast track of high-quality development. In 2024, Sinotruk's operating performance strongly led the industry, achieving total consolidated operating revenue of 194.5 billion yuan and sales of 359,000 vehicles, of which heavy-duty truck sales reached 245,000 units, firmly ranking first in the heavy-duty truck industry.