On March 2, 2024, the city of Jinan in China was the esteemed venue for the annual SinoTruk’s Science and Technology Innovation Award Conference 2024. The purpose of this conference was to honour significant scientific and technological achievements, as well as to acknowledge exceptional innovative talents since 2022. The gathering also provided a platform for strategic planning and deployment of future scientific and technological innovation initiatives. The distinguished presence of Tan Xuguang, Chairman and General Manager of Shandong Heavy Industry Group and Chairman of China National Heavy Duty Truck Group, highlighted this event, as he delivered a comprehensive report on scientific and technological innovation efforts, with a focus on the overarching theme of “Steadily stride forward, embracing change in science and technology”.
Sinotruk has made substantial investments in research and development, amounting to nearly RMB 15 billion over the past five years, equivalent to the total investment of the preceding 15 years. This significant investment has enabled the company to achieve global standards, establishing a comprehensive independent research and development system. As a result, Sinotruk’s technological prowess has propelled it to the forefront of the national industry. The company has set new benchmarks for heavy-duty trucks with its innovative technology, securing a leading position within China, as its high-tech indicators outperform those of its competitors. The market share of its heavy-duty trucks has experienced a noteworthy increase, climbing from 16.5% in 2018 to 26% in 2023, solidifying its position as the top-selling brand in China for two consecutive years. Notably, Sinotruk’s export volume exceeded 130,000 vehicles in 2023, marking a 2.6-fold increase compared to five years ago, making it the largest single-brand global export volume in the world.
In his address at the conference, Tan Xuguang urged all engineers to remain steadfast in their commitment, continuously pursue innovation, and strive for sustained long-term achievements through unwavering diligence over the span of a decade. He encouraged them to seek growth and expertise through global cooperation and project training, and to consistently create value for the company. Xuguang’s message also advocated for the pursuit of a meaningful and passionate life, and for young professionals to embrace vitality and passion. This call to action demonstrates Sinotruk’s dedication to driving the heavy truck industry forward and achieving global excellence.
With such remarkable strides made in the heavy-duty truck industry, Sinotruk is evidently progressing towards establishing itself as a world-class technology enterprise. As technology continues to shape the future of the automotive industry, Sinotruk’s commitment to innovation and excellence serves as a benchmark for others to aspire to.
The captivating visuals from the event can be viewed through the following links:
– https://mma.prnewswire.com/media/2353005/Image_1.jpg
– https://mma.prnewswire.com/media/2353013/Pic2.jpg
For more information on Sinotruk’s advancement towards becoming a world-class technology enterprise, please refer to the original content here: https://www.prnewswire.co.uk/news-releases/sinotruk-leaping-forward-to-become-world-class-technology-enterprise-302077767.html
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