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SINOTRUK Invests More in Uzbekistan

SINOTRUK Invests More in Uzbekistan

Date:2024-01-02 Author:Linda Source:www.chinatrucks.com

As globalization strengthens, Chinese commercial vehicles are gaining more and more recognition around the world. SINOTRUK, Chinese state-owned truck manufacturer headquartered in Jinan, has shown the world the power of its intelligence and wins high reputation in the global market for its excellent quality.

Data showed that China exported 16,162 trucks to Uzbekistan from January to October this year. With a market share of more than 2.94 per cent and 226% YoY growth, Uzbekistan ranked seventh among the destination countries for Chinese truck exports.

Sinotruk has seized the opportunities brought by Uzbekistan’s reform and opening up, developed adaptive products for the country Since 2018, and continuously promoted localized production.

In 2020, SINOTRUK set up the first Chinese-funded joint venture for heavy-duty vehicles, UZ TRUCK AND BUS MOTORS in Uzbekistan. On March 17, 2023, it held a launch conference for SITRAK at the Uzbekistan Exhibition Center in Tashkent. On Sept 6, 2023, Sinotruk HOWO V5 truck slowly drove out of the factory of UZ Truck and Bus Motors, marking the 3,000th Sinotruk truck produced by the company. It has become Sinotruk’s commercial vehicle production base to serve the Central Asian market.

As of the end of June this year, Sinotruk Group has developed a distribution network of about 220 at all levels in more than 90 countries and regions, and established 28 overseas cooperative KD production plants.

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