Core Consulting: Commercial Vehicle Market Forecast Research Report for December 2021

1. Industry Insights

Jiefang launches new high-end heavy-duty truck - Eagle Road

• On December 17, the "Intelligent Eagle, Leading the Future - FAW Jiefang Eagle product launch and production line ceremony" was held at the new factory in Jimo, Qingdao. Following the J7, Jiefang has deployed high-end heavy trucks here to set a new benchmark for domestic high-end heavy trucks.

Inventory of corporate layout in 2022 - Dongfeng Commercial Vehicle

• On December 21, the 2022 Dealer Conference of Dongfeng Commercial Vehicle Co., Ltd. with the theme of "Foreseeing New Life and Winning" was held. The conference released Dongfeng Commercial Vehicle's "Brand Upward Strategy".

Inventory of corporate layout in 2022 - Foton Motor

• On December 22, Foton Motor Group's 2022 Global Partner Conference was officially held. Foton Motor officially launched its first technology brand - "Galaxy Technology".

Inventory of corporate layout in 2022 - JAC Heavy Truck

• On December 13, the 2022 JAC Heavy Truck Business Conference with the theme of "User Thinking Promotes Transformation, Gathers Momentum and Accumulates Energy to Open a New Situation" was held in Hefei, Anhui, clarifying the development ideas of JAC Heavy Truck in 2022.

• On December 14, Geely Commercial Vehicle held the Geely Commercial Vehicle·Ouling & Jialong 2022 Business Annual Meeting in Zibo, Shandong with the theme of "Product Upgrade, Brand Empowerment, Service Value-added, and Creating a Winning Future".

Inventory of corporate layout in 2022 - Shaanxi Automobile Light Truck

• On December 22, the 2022 Shaanxi Automobile Light Truck Cloud Business Conference and Technology Products Exhibition with the theme of "Technology Empowers and Moves Towards Newness" was successfully held.

Inventory of corporate layout in 2022 - Weichai Power

• From December 10 to 16, Shandong Heavy Industry·Weichai Power 2022 Business Conference and various branches were held successively. Weichai Power's production and sales of engines in 2021 are expected to exceed 1 million units.

2. Application Scenarios

Cold chain logistics faces new challenges under the new situation

• In recent years, the scale of my country's cold chain logistics market has grown rapidly, the construction of cold chain facilities has been steadily advancing, and the level of cold chain equipment has been significantly improved. However, at the same time, the problem of unbalanced and insufficient development of my country's cold chain logistics is still prominent.

Development goals of the cold chain logistics industry during the 14th Five-Year Plan period

• On December 12, the State Council issued the "14th Five-Year Plan for Cold Chain Logistics Development", which clarified the development goals of the cold chain logistics industry during the "14th Five-Year Plan". This is the second time that the country has issued a cold chain logistics development plan after the National Development and Reform Commission issued the "Agricultural Products Cold Chain Logistics Development Plan" in 2010. This is undoubtedly a good signal for the cold chain logistics industry.

Conception of cold chain logistics network system

• The "14th Five-Year Plan for Cold Chain Logistics Development" has made an overall layout of the modern cold chain logistics system. The hardware system includes the "321" cold chain logistics operation system and the "four vertical and four horizontal" national cold chain logistics backbone channel network.

The downward pressure on the domestic economy will increase in 2022

• The Central Economic Work Conference was held in Beijing from December 8 to 10 to summarize the economic work in 2021, analyze the current economic situation, and deploy economic work in 2022. Overall, facing the "triple pressure" of weakening demand, supply, and expectations, the central government proposed a triple response measure of "expanding demand", "adjusting supply", and "stabilizing expectations".
• In 2022, my country's economy will still face multiple internal and external pressures and uncertainties, and the downward pressure on the economy will increase, but the fundamentals of my country's economy, which are resilient and long-term positive, will not change.

Changes facing the domestic commercial vehicle market

• At present, both the world and China are facing major changes unseen in a century. The international and domestic situations are complex and intricate. The commercial vehicle market, as a "barometer" of national economic development, is also facing unprecedented changes, new tracks, new business forms, new technologies, and new models. Continuous industrial upgrading will empower and improve the quality of economic development.

• In the future, China's economy will gradually enter a stage of medium-speed and high-quality development. The demand structure will gradually shift from investment-oriented to consumption-oriented. Regional development will gradually tend towards balance, freight elasticity will decrease, and the freight market structure will become more reasonable.
• The overall demand for commercial vehicles is gradually stabilizing, and market demand will be dominated by natural renewal.