According to the report of Weichai Power, its sales in heavy truck industry in the second half year will be estimated to grow compared with the same period of 2012 as the sales in the second half year are low, and hence, the sales in the whole year will grow as well.
With respect to logistic vehicles, the tractor market will gradually get out of slump with the economic growth and the vigorous development of urban and rural transportation. With respect to engineering vehicles, the state’s keynote to maintain stable growth will stimulate the investment, which thus boosts the demands for engineering trucks. At the same tie, the demands for heavy engineering trucks will increase with the acceleration of urbanization, construction of security housing, water conservancy construction, acceleration of western economic development, private capital entering investment field and the construction of wellbeing projects.
Weichai Power says its stock is in a rational state, maintaining one month or so.
Main businesses of Weichai Power include design, R&D, production, sales and repair and maintenance of diesel engines and spare parts.