Sinotruk (Hong Kong) Limited (Stock Code: 03808) has provided additional information regarding its 2028 Provision of Guarantee Agreement with China National Heavy Duty Truck Group (“CNHTC”). The arrangement, effective from 1 January 2026 to 31 December 2028, is considered by the company to be an integral part of its vehicle sales strategy, particularly for new energy vehicles.

The company notes that the Guarantee, offered without additional fees, aligns with common market practice to boost sales volumes. It is intended to help increase the group’s market share and overall competitiveness without raising the group’s credit or operational risk.

Demand for new energy vehicles is expected to strengthen from 2026 to 2028. The group projects a compound annual growth rate of approximately 30.38% in overall new energy vehicle sales during this period. Within its own business, the group anticipates sales to rise from 3,000 units in 2026 to 6,000 units in 2028, registering a compound annual growth rate of around 41.42%. Existing government policies, including ongoing subsidies for new energy commercial vehicles, continued infrastructure expansion, and improvements in battery technology, are cited as key factors supporting these growth expectations.