Chinese demand for heavy-duty trucks soared from 2015 to 2020, as the country experienced an infrastructure boom and increased consumer appetite for road transportation. Since then, however, the market has hit a speed bump. Partner Thomas Fang and colleagues find that the downturn isn’t likely to last and expect a rebound that buttresses a significant and stable commercial base, with trends like electrification and autonomous driving shaping the markets.
To read the article, see “China’s heavy-duty truck industry: The road ahead,” August 9, 2023.