Cross ocean operation solidifies the foundation of high-quality development, and CIMC Vehicles has been ranked first in the global semi trailer industry for ten consecutive years

Global Trailer, a well-known global semi trailer magazine, officially released data on the top 50 semi trailer manufacturers ranked by production in 2022 (from July 1, 2021 to June 30, 2022). CIMC Vehicles once again held the world's first place with a production of 194200 vehicles, 2.45 times the production of the second place Hyundai Translead (79300 vehicles), and 3.18 times the production of the third place Schmitz Cargobull (61000 vehicles), becoming the only Chinese company on the list. This also means that since 2013, CIMC has been the world leader in the production and manufacturing of semi-trailers for ten consecutive years.

Over the past twenty years, on the path of becoming an industry champion, CIMC Vehicles has actively adapted to global changes. Under the guidance of the "cross ocean operation, local manufacturing" strategy, the company has fully utilized the production capacity, assembly capacity, global supply chain management ability, and global logistics management ability of global factories, ultimately forming a multinational operation pattern with core competitiveness.

In the current complex situation of increasing international environmental uncertainty, this forward-looking operational pattern has played an important role in filling the gap. Since its listing on the Hong Kong stock market in 2019, the vast majority of the funds raised by CIMC Vehicles have been used for the construction and renovation of overseas "lighthouse" factories, and production capacity has now been released. In the first half of 2022, the company achieved a revenue of 11.2 billion yuan, with overseas market revenue increasing by 59.2% year-on-year. The revenue of the North American market and the European market increased by 115.2% and 6.4% respectively. The fact has proven that the company's forward-looking layout is accurate, seizing the opportunity for recovery in the overseas market this round.

In the North American market, "Vanguard" and "CIE" already have high brand awareness. CIMC Vehicle actively implements its North American business strategy by leveraging its established high-end manufacturing system network and global supply chain management system. Thanks to its flexible, reliable, low-cost, and close range product delivery network, the company is able to effectively meet the product delivery needs of North American customers. The development of CIMC Vehicles has won the support of mainstream customers, and the North American business has overcome the impact of "double anti" and the impact of global supply chain "big congestion", achieving a new historical high in profits.