Burgeoning Freight and Logistics Demands to Fuel Recovery of China’s Commercial Truck Industry
Frost & Sullivan Manufacturing
MARCH 31, 2024
million units in 2022, reflecting a YoY decrease of 35.3%. Key drivers in this revival will be burgeoning transport and logistics needs, particularly for eCommerce retail deliveries, the need for periodic truck replacements to align with stricter new emissions standards, and government impetus in the form of subsidies and incentives.
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