Benefiting from the improved international competitiveness of domestic brands and the sustained release of overseas demand, the export volume of commercial vehicles in 2024 is expected to be around 800,000 units, a year-on-year increase of 14%. Among them, the export volume of heavy trucks is expected to be between 280,000 to 300,000 units, with a year-on-year growth of 12% to 15%.

Domestic major commercial vehicle manufacturers are all very focused on the overseas market, conducting comprehensive layouts through a range of measures such as covering the market with a series of products, expanding incremental markets, and developing cooperative channels.

The overseas export market is a significant growth area for China's commercial vehicle industry and an important battlefield for commercial vehicle companies. Currently, China's commercial vehicles have strong international competitiveness, especially in terms of the quality of domestically produced heavy trucks, which has seen significant improvements. Additionally, they have gained certain first-mover advantages in the fields of new energy and intelligent connectivity, which allow them to provide strong competitive alternatives to overseas heavy trucks, indicating substantial market growth potential. In the bus sector, due to the international competitive advantages of China's large and medium-sized buses in terms of technology, cost, and supply chain, the overseas export of these buses is expected to maintain a growth trend in 2024. Regions such as Europe, Latin America, and Southeast Asia, driven by stricter environmental policies and other factors, are expected to see a substantial increase in demand for new energy buses, which provides an excellent opportunity for China's new energy public transport buses to "go global."

At the same time, with the "tailwind" of commercial vehicle exports, companies upstream and downstream in the Chinese commercial vehicle industry chain will also accelerate their pace of "going global." In 2024, China's commercial vehicle industry is expected to achieve a "double bloom" in export volume and overseas ecosystem construction, further enhancing the competitiveness of Chinese commercial vehicles on the world stage.