Sinotruk Hong Kong Ltd

Karin Rådström is steering Daimler Truck, the world's largest commercial-vehicle manufacturer, through a cultural and strategic overhaul as Chinese competition looms over the European truck market. Since becoming CEO in 2024, Daimler Truck's share price has risen almost 40%, from €33.15 to €46.24, and zero-emissions vehicle sales climbed 67% in 2025, though group net profits fell 48% year-on-year in the second quarter despite a 5% revenue uplift, hit primarily by tariffs. Chinese companies currently hold just 1.36% of the European commercial-vehicle market, according to Dataforce, but SuperPanther and Sinotruk have begun production in Austria and Windrose has set up a European headquarters in Antwerp, while Windrose's Global E700 offers a 700 km fully loaded range against 500 km for Daimler Truck's flagship model. Defense is a key growth pillar: Daimler Truck aims to double defense-related revenues to €1 billion, or $1.17 billion, by 2028, a figure that would still represent only 2% of overall annual revenue, and it plans to invest mid-three-digit-million euros in its new Daimler Truck Defence brand while targeting Level 4 autonomous trucks for the U.S. market by 2027. Rådström, only the second woman to lead a DAX 40 company, has pushed a "simpler, faster, and stronger" operating mantra to cut bureaucracy, a shift Citi analyst Klas Bergelind says has decentralized the organization even as cultural change takes time.

Next Point Public Company Limited (NEX) expects vehicle sales in the second half of 2026 to improve, supported by rising demand for electric vehicles (EVs) and the delivery of new models, including 1,520 electric buses to the Bangkok Mass Transit Authority (BMTA) as scheduled in early 2027. Dr. Ekapol Sakulpaisal, Chief Financial Officer, said the company is beginning to see clear signs of recovery and is preparing to deliver vehicles to major corporate clients in the second half of the year. Meanwhile, it will start introducing new models, the "Carvan" and the BAW M8, to Thailand, with a first-year sales target of about 1,000 units for the BAW M8, with main deliveries beginning in the fourth quarter of 2026. Additionally, the company plans to expand its electric truck market for 4-6 wheelers under the HOWO and SITRAK brands, following its appointment by Sinotruk International Co., Ltd. as a distributor in Thailand, to support the growth of the transport and logistics sector moving toward a low-carbon system.

Nex Point Public Company Limited, or NEX, has been appointed by SINOTRUK INTERNATIONAL CO., LTD. as the official distributor of HOWO and SITRAK heavy-duty electric trucks in Thailand. SINOTRUK is a major Chinese manufacturer of commercial vehicles and heavy trucks, with the highest global sales of commercial heavy-duty electric trucks and has held the title of China's top heavy truck exporter for 21 consecutive years, commanding a market share of over 50 percent and cumulative export sales exceeding one million units across more than 150 countries. NEX plans to introduce 4×2 and 6×2 electric truck platforms to the Thai market to serve the transport and logistics sectors, with SINOTRUK providing technical support and training while NEX handles import, marketing, and after-sales service. Mr. Wasu Klomkliang, Chairman of NEX, stated that this partnership marks a significant step in expanding capabilities toward becoming a leader in commercial electric vehicles and a provider of Total Green Logistics Solutions in Thailand.