With a CR5 (top 5 market concentration ratio) of approximately 50.04% in 2024, the top three enterprises by market share are Foton Motor (15.79%), Dongfeng Group (9.95%), and Changan Automobile (8.85%).

Against the backdrop of a sluggish domestic commercial vehicle market, leading enterprises like Foton, Sinotruk, Yutong Bus, FAW Jiefang, and JAC Motors are accelerating overseas expansion to seek new growth opportunities. Key developments include:

1. Foton Motor has established a comprehensive international operation system covering all commercial vehicle categories, implementing a "3+6+3" strategy for tiered overseas market deployment.
2. FAW Jiefang, JAC Motors, and BYD have set up production bases in South Africa and South America.
3. Sinotruk operates 29 Knock-Down (KD) factories and 4 overseas subsidiaries.

Notably, Foton achieved a record export volume exceeding 150,000 units in 2024, ranking first domestically, followed by Sinotruk with 122,800 units. This strategic shift reflects the industry's response to weakening domestic demand and aligns with global trends in commercial vehicle electrification and intelligent logistics systems.