Research Update | Foton Motor Receives Research from 15 Institutions Including Gaoji Assets; Heavy-Duty Truck Exports Up 70% YoY, New Energy Sales Growth 15%

From March 5 to 6, Foton Motor (600166.SH) hosted 15 institutional investors in Shenzhen, including Gao Yi Asset, Dongwu Securities, E Fund, and others. The company’s Board Office and Securities Management Department Senior Manager Zhou Heqiu engaged in in-depth discussions with institutional investors on key issues such as heavy-duty truck export performance, new energy heavy-duty truck sales, and industry prospects.

Heavy-duty Truck Exports Surge 70% Year-over-Year, Strong Momentum for Future Growth

Regarding the export performance of heavy-duty trucks, Zhou Heqiu explained that in January-February 2026, the company’s heavy-duty truck exports exceeded 6,100 units, a significant year-over-year increase of about 70%, indicating rapid growth in export business. He stated that based on current overseas market demand and the company’s product competitiveness, heavy-duty truck exports are expected to continue growing.

New Energy Heavy-Duty Truck Sales Up 15%, Industry Electrification Accelerates

The company has also made positive progress in the new energy heavy-duty truck sector. Data shows that in January-February 2026, sales of new energy heavy-duty trucks exceeded 3,600 units, a year-over-year increase of approximately 15%. Zhou Heqiu analyzed that at the industry level, driven by the dual carbon strategy and cost advantages, the market for new energy heavy-duty trucks will continue to expand. Specifically, full electrification is expected within scenarios of up to 300 kilometers, while medium- and long-distance routes of 300-500 km and 500-700 km will gradually see penetration. In the medium to long term, ongoing technological iterations in batteries, electric drives, and electronic controls will further support market growth.

Bright Outlook for China Commercial Vehicle Exports, Technological and Supply Chain Advantages Highlighted

Regarding the prospects for China’s commercial vehicle exports, Zhou Heqiu believes there is broad potential. He pointed out that countries involved in the Belt and Road Initiative, Africa, Southeast Asia, and other regions have strong infrastructure demands, continuously releasing rigid demand for commercial vehicles. Meanwhile, the global push for low-carbon transformation is boosting demand for electric commercial vehicles. With key technologies such as new energy and intelligentization leading the way, along with a complete industrial chain, scale advantages, and a robust ecological value chain system, Chinese commercial vehicles are rapidly rising in the global competition.

Disclaimer: The market involves risks; investment should be cautious. This article is automatically published by an AI model based on third-party databases and does not represent Sina Finance’s views. All information herein is for reference only and does not constitute personal investment advice. Please refer to official announcements for accuracy. For questions, contact biz@staff.sina.com.cn.

Click to view the original announcement>>

Massive information and precise analysis, all on Sina Finance APP

Editor: Xiao Lang Kuai Bao