Hanma Technology Group Co Ltd

Huawei Managing Director Yu Chengdong recently said the Maextro SUV developed with JAC Motors is expected to launch in early 2027. Boosted by the news, on September 30 the commercial vehicle concept rose 3.14% intraday, with JAC Motors up 9.98%, Dongfeng Corporation up 4.66%, Shuguang Corporation up 3.27%, Ankai Bus up 2.63%, and Hanma Technology up 2.46%. Southwest Securities research noted that in 2026 the commercial vehicle industry will see domestic sales supported by policy and overseas demand resonating, with large infrastructure projects in Vietnam, Thailand, and Saudi Arabia being released in concentrated fashion, providing sustained support for domestic heavy truck demand. Zheshang Securities research noted that new energy commercial vehicle penetration and battery capacity per vehicle are both rising, with 2025 sales reaching 950,000 units, up 64% year on year, and the sales share rising to 22%, with a projected compound growth rate of 51% from 2025 to 2030.

Hanma Technology released its July production and sales report, with new energy medium- and heavy-duty trucks maintaining growth while the methanol-hydrogen powertrain system faced pressure. Monthly production of trucks, including incomplete vehicles, reached 1,151 units, up 26.62% year-on-year. Sales totaled 1,121 units, an increase of 17.26% year-on-year. New energy medium- and heavy-duty trucks saw monthly production of 966 units and sales of 929 units, with cumulative sales from January to July rising 45.58% year-on-year. Chassis assembly monthly production and sales both surged over 130% year-on-year, becoming a new growth driver. The methanol-hydrogen powertrain system's July production and sales fell more than 58% year-on-year.