WEICHAI NECV Reports Strong Overseas Growth, Targets Faster Expansion in 2026

As the global commercial vehicle industry accelerated its shift toward electrification and intelligent technologies, WEICHAI New Energy Commercial Vehicles reported solid growth in 2025, driven by higher sales, continued technology upgrades and a broader overseas presence.

Total vehicle sales reached 17,000 units in 2025, an increase of 26% year on year and the highest level in the company’s history. Sales of new energy vehicles amounted to 10,500 units, while exports reached 2,500 units, doubling from the previous year. The growth in exports underscores the company’s expanding presence in overseas markets.

To support this growth,WEICHAI New Energy Commercial Vehicles continued to expand its overseas sales and service infrastructure, establishing regional dealer and service networks across Southeast Asia, South America, the Middle East and Africa. The networks were developed in cooperation with local partners to support vehicle supply and after-sales service.The WEICHAIGroup also reported an increase in brand value, which rose from RMB 72.566 billion to RMB 83.048 billion in 2025. In November, WEICHAI New Energy Commercial Vehicles reached a 6.5% market share in China’s new energy light truck segment and ranked sixth in the industry for the full year.

The company is targeting sales of 25,000 units in 2026, including 15,000 new energy vehicles and 5,000 exports, with overseas markets expected to contribute around 20% of total sales.

The company plans to expand further in Southeast Asia, South America, the Middle East and CIS markets, after export sales doubled in 2025. Deliveries last year included markets such as the Philippines, Thailand, Chile, Peru, Ecuador and the Dominican Republic.In 2026, the company plans to deepen its regional presence, with Southeast Asia focusing on urban distribution and intercity transport, South America strengthening market share through localized products and service networks, and the Middle East and Africa expanding brand presence via efficient after-sales support and key customer partnerships.The expansion plans build on the company’s position within WEICHAI Group.

WEICHAI New Energy Commercial Vehicles is a wholly owned subsidiary and a core business unit of WEICHAI Group, focusing on the light truck segment. The company leverages the group’s strengths in engines, electric drive systems and chassis technologies, supported by R&D centers in Shanghai, Tokyo and Yantai, as well as the WEICHAI Research Institute. Its product portfolio covers multiple powertrain technologies, including battery electric, hybrid and hydrogen fuel cell solutions.

Under its new energy brand LANDKING, WEICHAI New Energy Commercial Vehicles offers a diversified product portfolio covering battery electric, hybrid and hydrogen fuel cell technologies. The company said it will continue to focus on product development, intelligent vehicle systems and service capability building as it works toward its 2026 sales target of 25,000 units, amid growing demand for new energy commercial vehicles in overseas markets.

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