China’s biggest electric-truck maker says it is targeting growth overseas, in a fresh challenge to the global auto industry as Chinese production of high-tech, low-cost battery-powered heavy goods vehicles booms.
Liang Linhe, who leads the electric trucking division of Sany Group, a construction and mining equipment behemoth, expects around half the group’s sales will come from overseas markets by 2030, up from about 10 per cent this year.
“We are already seeing the rapid development of the overseas market,” he told the Financial Times in an interview, adding that the “biggest challenge” was that many countries’ electricity infrastructure lagged that of China.
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