The Uncertain Terrain of the Commercial Vehicle Industry in 2024

Despite a stable growth trajectory, the commercial vehicle industry in 2024 faces multiple challenges, including:

• Global economic slowdown, affecting trade and investment.
• Political instability and local conflicts, creating supply chain disruptions.
• Increasing demand for regulatory compliance, adding complexity to market entry.

To navigate these challenges, companies need real-time access to critical information for strategic decision-making and risk mitigation.

CVEE's Initiative and AUTOEQUIPS' Role

To support enterprises in capitalizing on global opportunities, the Commercial Vehicle Exhibition and Exchange (CVEE) invited AUTOEQUIPS Technology Group, a key player in the commercial vehicle supply chain, to discuss:

"Opportunities for Chinese Commercial Vehicles in Overseas Markets in 2024."

AUTOEQUIPS’ participation underscores its industry expertise and commitment to helping OEMs navigate global markets.

The Rise of Chinese Commercial Vehicle Exports

The increasing geopolitical instability—including the Russia-Ukraine conflict—has disrupted foreign supply chains, creating an opportunity for China’s cost-efficient commercial vehicle industry.

Key Export Growth Trends:

• 2022: Rapid surge in exports, driven by supply chain disruptions. 
• 2023: 770,000 commercial vehicles exported, marking a 32.2% year-on-year increase. 
• 2024: Overseas market expansion remains a top priority for Chinese OEMs.

As Chinese commercial vehicle exports reach record highs, manufacturers must address regulatory barriers to sustain long-term growth.

Persistent Pain Points for Chinese Commercial Vehicles Overseas

Although China’s commercial vehicle industry has expanded globally, several long-standing challenges remain:

• Trade barriers and import restrictions. 
• Complex regulatory compliance with varying international standards. 
• Technical certification challenges, delaying market entry. 
• Product adaptability concerns, limiting competitiveness. 
• High tariff barriers, increasing costs for manufacturers.

Among these, regulatory compliance and certification remain the most pressing obstacles for Chinese OEMs seeking overseas expansion.

New EU Regulations and Their Impact

The EU General Safety Regulation (GSR) introduces stricter compliance requirements for M and N category vehicles registered after July 2024. These vehicles must integrate:

• Moving Off Information System (MOIS) – Enhancing pedestrian and cyclist detection. 
• Blind Spot Information System (BSIS) – Reducing collision risks from limited visibility. 
• Rear-Information Detection System (RISE/RVCS) – Strengthening rear monitoring and obstacle detection. 
• Intelligent Speed Assistance System (ISA) – Ensuring compliance with speed limits.

Additionally, from October 2024, the Direct Vision Standard (DVS) Progressive Safety System (PSS) in London, UK, will undergo a significant upgrade to DVS 2024 Progressive Safety System.

AUTOEQUIPS' Response to EU Regulations

The introduction of new EU regulations poses technical and compliance challenges for Chinese commercial vehicles.

However, AUTOEQUIPS, with 20 years of experience in international certification, is uniquely positioned to support OEMs.

AUTOEQUIPS’ Competitive Edge:

• Deep expertise in EU regulatory forecasting. 
• Proven success in global compliance and certification. 
• AI-driven technology integration to meet UN ECE standards. 
• Tailored hardware and software solutions for cost-effective compliance.

AUTOEQUIPS is actively innovating by developing next-generation safety solutions that align with EU requirements while optimizing costs for OEMs.

AUTOEQUIPS' Product Features and Compliance

AUTOEQUIPS ensures that all European-standard safety solutions are equipped with:

• System failure detection and self-test modes. 
• Compliance with ISO 21434 and ISO 26262 for software security and functional safety. 
• Compliance with UN ECE R155 and R156 for cybersecurity and software updates.

As the first Chinese company to fully comply with these stringent regulations, AUTOEQUIPS provides global OEMs with reliable safety solutions, ensuring seamless market entry and compliance.

The Road Ahead for Chinese Commercial Vehicles

With global automakers expanding in China, Chinese commercial vehicle brands are also gaining traction in international markets. However, the potential for growth remains significant.

Key Industry Priorities:

• Strengthen collaboration among Chinese automotive manufacturers. 
• Enhance technological innovation to drive competitiveness. 
• Invest in regulatory compliance to ensure seamless market entry.

AUTOEQUIPS is committed to: 

• Developing cutting-edge safety technologies. 
• Guiding OEMs through complex international regulations. 
• Driving China’s intelligent manufacturing success on the global stage.

Conclusion

AUTOEQUIPS' insights at the CVEE Conference and its active participation in global regulatory adaptation reinforce its position as a leader in commercial vehicle safety. With AI-driven innovations, robust regulatory expertise, and cutting-edge solutions, AUTOEQUIPS continues to drive the global expansion of China’s commercial vehicle industry.

As the industry navigates evolving regulations and market challenges, AUTOEQUIPS remains a trusted partner, ensuring seamless compliance and sustained success for Chinese commercial vehicle manufacturers worldwide.