China's commercial vehicle production accounts for nearly half of the global

According to the “2010 Global Commercial Vehicle Industry Outlook Report” issued by Arrow, the global business consulting company, the global commercial vehicle production in 2009 decreased by 29%, while the Chinese commercial vehicle market increased by more than 22%. At present, China has occupied 49% of the world's total commercial vehicle production. Even if calculated by output value, China’s commercial vehicle market share has reached 25% to 30%.

In the first half of this year, the growth rate of commercial vehicles in China further climbed to 76%, and it is expected to return to the prosperity level in 2008 within two to three years. Recently, Jianghuai Automobile [11.480.17%] reached a joint venture agreement with Navistar, Caterpillar to reach a joint venture agreement of 4.8 billion, which will jointly produce medium-duty trucks and advanced diesel engines. At this point, the major domestic commercial vehicle manufacturers have completed the strategic layout of joint multinational giants competing for the international market.