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2025 Russia Heavy Truck Sales Expected to Decline
Chris Fisher MOSCOW—(TASS) Sales of heavy trucks in Russia in 2025 may decline by 23% year-on-year to 85,000 units, Mikhail Matasov, Deputy General Director of the Russian truck producer Kamaz, told reporters. “The market will be poor in 2025. We currently estimate it at 85,000 units against 110,000 this year. We think that 85,000 is even optimistic,” he said.
Matasov noted that the decline in sales can be attributed to a decrease in demand for cargo transportation.
“If there is no construction, then there will be fewer dump trucks (needed). We also provide trucks for cargo transportation industry – if there are fewer of them, then there will be fewer haulage trucks,” he explained.
“The plan for 2025 is, in my opinion, 10,000 units. But we don’t know if there will be that many, because Chinese brands have large warehouse stocks,” Matasov added.
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Yuchai, XCMG Sign Mutual Development Agreement
Jack Hao Yuchai and XCMG have signed an agreement to jointly build and share new channels for overseas development and embark on a new chapter of cooperation in the Eurasian region.
The agreement stipulates that Yuchai and XCMG will establish Yuchai Service Stations and Yuchai Service Training Centers in the Eurasian region to provide technical training and corresponding technical support for XCMG’s local dealers and customers. Yuchai also authorizes XCMG as its spare parts dealer in the Eurasian region. In addition, the two parties will jointly carry out the Blue Ocean Action brand promotion activities in the Eurasian market to enhance their international brand influence.
It is reported that XCMG, which sells construction machinery and tractors equipped with Yuchai engines in the Eurasian region, is one of Yuchai’s core OEMs in the area. After the signing of this strategic agreement, the two sides will further deepen their cooperation and promote the high-quality development of their overseas expansion strategies.
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Will Hydrogen Fuel Cell Trucks Follow Car Storyline?
Guy Youngs In the last decade or so, the market apparently has decided that hydrogen-powered cars do not make sense, and they can’t compete in the market as a result. Despite this situation, there are still plenty of discussions, trials, and vehicle development programs for hydrogen-powered trucks.
In theory, hydrogen can compete in the truck market, but in practice, it’s an entirely different matter. Battery technology keeps improving rapidly, and solutions for battery-electric trucks are becoming clear. If battery costs keep coming down — as expected — and proper charging hubs for heavy-duty electric vehicles get developed, battery-electric trucks seem set to win the day.
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