Wang Ming: Four Keys for Truck Industry Reference

First, about the general trend of truck development. The current international and domestic economy is more difficult. From the perspective of the National Development and Reform Commission, an important task is to seek various policies and methods to stabilize the economy and reduce risks. No matter how difficult the economy is, there is one point to note: the goal of the 13th Five-Year Plan is to build a well-to-do society. If we follow this goal, our current difficulties are only temporary. Trucks are an important part of the modernization of our country's logistics. Our modernization of transportation and logistics is irresistible. The modernization of transportation and logistics requires the modernization of trucks. This is a trend of truck development. Therefore, strategic enterprise groups must move toward the modernization of trucks. This modernization is energy saving, green, and the Internet. In difficult times, truck manufacturers should watch the trend.

Second, prospects. Regardless of the economic situation, if the goal of fully building a well-to-do society can be smoothly promoted, we have the world’s No. 1 logistics market and the world’s No. 1 expressway, and we naturally should have the total scale of the logistics and the total size of the highway. Matching truck and truck transport industry, this is the biggest prospect of our development. At present, the problem facing our industry is not the lack of scale, but the lack of benefits. Therefore, our truck industry should move in the direction of how to create benefits for the transportation and logistics industry. We have found a way to benefit and efficiency, and we have also found a direction for the development of the industry.

Third, change. Although the difficulties of the current economic development are temporary, it is a critical turning point for all our industries. Personally, I think we can't expect the economy to pick up again and companies can take the old road. The entire country adjusts its structure and shifts its way to the transformation that a country needs for modernization and industry. Therefore, our industry should also look for changes in the direction of national modernization and industrial modernization, but it is a stage that the entire industry has to undergo to change its traditional model. We must go through this stage and we must have a product strategy. Thinking and direction to seek change above.

Fourth, how to change, that is, direction. The modernization of transportation and the modernization of logistics require the modernization of trucks. At present, the country is implementing three strategies (One Belt and One Road, the Yangtze River Economic Belt, Beijing-Tianjin-Hebei). In fact, the expression is that the country will seek regional and economic linkage and development at the international, provincial, and inter-city levels. What this development requires us to do is to create a world-class industrial cluster. Therefore, our truck industry should transform to the direction of functional improvement, quality improvement, and international and domestic rational distribution to achieve change. It is necessary for the truck industry to make adjustments according to the country’s new development methods and new spatial arrangements. In this process, the development of new energy, Internet applications, and cross-regional industries is progressing towards the establishment of a world-class industrial cluster. This is an important direction for the development of the truck industry.

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