CITIC Securities: Heavy truck industry is not experiencing an off-season, expected to achieve high-quality development.

According to the research report of CITIC Securities, looking ahead to the third quarter of 2025, heavy truck sales will experience a phenomenon of "not so slow season" this year. It is expected that the total annual sales of heavy trucks in 2025 will be about 1.05 million units, a year-on-year increase of 16%; with domestic sales of about 730,000 units, a year-on-year increase of 20%, and export sales of about 320,000 units, a year-on-year increase of 10%. The report is optimistic about the industry's high-quality growth driven by both domestic and overseas demand, as well as the continued improvement in the profitability of leading companies in the industry, and continues to recommend key companies in the heavy truck industry.