CIMC Vehicles Group

What CIMC Vehicles Group does

CIMC Vehicles Group (中集车辆(集团)股份有限公司) is a Shenzhen-headquartered manufacturer of semi-trailers and special-purpose vehicles, listed on the Shenzhen Stock Exchange ChiNext board (301039.SZ) as a subsidiary of conglomerate CIMC Group. The company has held the #1 global ranking in semi-trailer production volume for 13 consecutive years (2013-2025) per Global Trailer, commanding 22.2% China semi-trailer market share and 26.5% China liquid tanker market share. It operates three core business segments: global semi-trailers (including Star Chain semi-trailers and Star Chain Tankers), DTB body products for fuel and new energy heavy truck chassis (dump trucks, mixer trucks, refrigerated trucks), and EV-RT pure electric tractor-trailers integrating electric powertrains with specialized trailers.

The company's competitive foundation rests on a "Lighthouse Factory" (灯塔工厂) high-end manufacturing system comprising 14 semi-trailer LTP factories, 7 DTB factories, and 3 van body factories in China, plus 22 production factories and 14 assembly factories globally across North America (Vanguard Trailer), Europe (SDC Trailers UK, LAG Trailers Belgium), and emerging markets. This "cross-ocean operations, local manufacturing" model has delivered 30%-40% man-hour efficiency gains and underpins geographic reach across 50+ countries. Core technology includes proprietary modular design platforms, EV-RT ecosystem development (with mobile fast-charging stations and CATL battery integration), and TIR-compliant cross-border curtain-side trailers rated from -40°C to +70°C.

The business model is B2B enterprise sales with quote-based hardware pricing and an emerging production services stream (maintenance, second-hand refurbishment, leasing) through 9 flagship stores. Distribution combines direct enterprise sales to large fleet operators with a channel network of 24+ "Sanhao Development Centers" (三好发展中心) and 23 delivery service centers across China, plus strategic partnerships including CIMC-Shaanxi integrated tractor-trailer solutions and CATL battery technology for EV products. 2025 revenue was RMB 201.8 billion at 15.9% gross margin, with Q1 2026 revenue of RMB 46.4 billion and operating cash flow of RMB 9.3 billion (H1 2025). The company went public on Shenzhen ChiNext in July 2021 and completed H-share delisting from Hong Kong in May 2024.

Name

CIMC Vehicles Group

Legal name

中集车辆（集团）股份有限公司

Website

https://cimcvehiclesgroup.com

Company type

Public

Founded year

2002

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

CIMC Vehicles Group is the world's #1 semi-trailer manufacturer (13 consecutive years), producing semi-trailers, DTB body products for heavy trucks, and EV-RT pure electric tractor-trailers. It serves logistics, construction, mining, and cross-border transport customers across 50+ countries through 22 production factories globally.

Ownership category

akta.pro rank

Product category

Commercial Vehicles and Semi-Trailers

NAICS

Truck Trailer Manufacturing (336212), Motor Vehicle Body Manufacturing (336211)

SIC

Truck Trailers (3715), Truck & Bus Bodies (3713)

akta.pro primary industry

Class 4–6 Medium-Duty Truck Manufacturing (IMACABAB)

akta.pro secondary industries

Truck & Commercial Vehicle Electrification Manufacturing (eAxles/Battery Packs/Fuel Cells) (IMACABAK), Specialty Truck Manufacturing (Fire/Rescue/Military-Commercial/Expedition) (IMACABAG)

Keywords

• Semi-trailer manufacturing
• Special-purpose vehicles
• Heavy truck bodies
• Electric tractor-trailers
• Commercial vehicle production

Headquarters

HQ city

Shenzhen

HQ country

China

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Global Semi-Trailer Business: Design, manufacturing, and sales of semi-trailers globally, including flatbed trailers, curtain-side trailers, dump trailers, tank trailers, and specialized models. Revenue from cross-ocean manufacturing and production services.
2. EV·DTB Specialized Vehicle Body Business: Professional body design, manufacturing and after-sales service for fuel/new energy heavy truck chassis. Products include dump truck bodies (DTB渣土车), mixer truck bodies (DTB搅拌车), and refrigerated truck bodies (DTB冷藏车). Collaborates with leading new energy truck manufacturers to complete value chain for heavy new energy specialized vehicles.
3. EV-RT Pure Electric Truck-Trailer Business: Pure electric truck-trailer (头挂列车) design, manufacturing and sales. EV-BT 700 model for bulk logistics scenarios. Building EV-RT ecosystem including 'stations' (charging infrastructure).
4. Production Services: Production services including maintenance, second-hand vehicle refurbishment, trailer leasing, and full lifecycle management services. Nine flagship stores experimenting with these business models.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

CIMC Vehicles Group designs, manufactures, distributes, and sells semi-trailers globally through its cross-ocean local manufacturing model, including the Star Chain semi-trailer and tanker product lines. The company also provides professional body design, manufacturing, and after-sales service for fuel and new energy heavy truck chassis (DTB products), including dump trucks, mixer trucks, and refrigerated truck bodies. In addition, CIMC Vehicles develops and sells pure electric tractor-trailers (EV-RT) integrating electric tractor heads with specialized trailers, supported by charging station ecosystem development.

Product overview

CIMC Vehicles Group is a world-leading semi-trailer and specialized vehicle manufacturer operating a platform-plus-modules architecture across three core business segments: (1) Global Semi-trailers including the Star Chain (星链) semi-trailer sub-brand and Star Chain Tankers (星链液罐车); (2) DTB Body Products (DTB上装产品) for fuel/new energy heavy truck chassis including EV-DTB electric variants for dump trucks, mixer trucks, and refrigerated trucks; and (3) EV-RT Pure Electric Tractor-Trailers (EV-RT头挂列车) integrating electric tractors with specialized trailers and charging ecosystem. The company also operates 14 semi-trailer LTP (Lighthouse Technology Platform) factories and 7 specialized vehicle body LTP factories under its high-end manufacturing system, supported by a network of 24 'Three Good' development centers for sales and service.

Differentiator

Problem solved

Functional benefit

Brands

• 好牵挂 (Hao Qian Gua): Electric vehicle head-trailer brand for EV-RT products
• 星链半挂车 (Star Chain Semi-trailers)
• 星链液罐车 (Star Chain Tankers)
• 唯有星链 (Only Star Chain)
• 星辰风暴 (Star Storm)
• 三好发展中心

Products and services

• Global Semi-trailers (全球半挂车) Semi-trailers designed, manufactured, and sold globally through the cross-ocean operations and local manufacturing model. Includes flatbed trailers, curtain-side trailers, rear-dump trailers, container chassis trailers, and specialized models for logistics and transportation companies worldwide.
• Star Chain Semi-trailers (星链半挂车) Premium semi-trailer product line under the Star Chain Plan, featuring standardized modular design, digitalized manufacturing through Lighthouse Technology Platform (LTP) factories, and new quality productivity methodology for domestic Chinese and global markets.
• Star Chain Tankers (星链液罐车) Premium tanker product line under the Star Chain Plan for liquid cargo transport, including the Ouguan (European Champion) series high-end tankers that combine European technology genes with Chinese scenario intelligence. CIMC Vehicles holds 26.5% China liquid tanker market share, ranking #1 nationally.
• DTB Body Products (DTB上装产品) Professional body design, manufacturing, and after-sales service for fuel and new energy heavy truck chassis, covering dump truck bodies, mixer truck bodies, refrigerated truck bodies, and special purpose vehicles. Operates through six factories covering Yellow River and Yangtze River core markets.
• EV-DTB Electric Body Products (EV-DTB产品) Electric body products specifically designed for new energy heavy truck chassis, including EV-DTB dump trucks, EV-DTB mixer trucks, and EV-DTB refrigerated trucks engineered for seamless integration with electric vehicle powertrains.
• EV-RT Pure Electric Tractor-Trailer (EV-RT头挂列车) Pure electric tractor-trailer integrated product combining electric tractor head with specialized trailer body. Features zero emissions, high load capacity, fast unloading, and low energy consumption. Includes EV-RT 2.0 architecture planning and charging station ecosystem (站) development for short-haul heavy-duty logistics. World's first EV-RT ecosystem launched in 2025.
• EV-BT 700 New Energy Tractor-Trailer (EV-BT 700型新能源头挂列车) Specific EV tractor-trailer model designed for coal, sand, aggregate, and building materials transport. Features zero emissions, high load capacity, fast 30-second unloading, low energy consumption, and stable operation for mining and construction sites. Battery technology partnership with CATL provides customized battery packs with high energy density and intelligent thermal management.
• TIR Cross-Border Side Curtain Semi-Trailer (TIR跨境侧帘半挂车) TIR-compliant cross-border curtain-side semi-trailer meeting international TIR convention standards for seamless customs clearance. Features cold-resistant materials with -40°C to +70°C temperature range, 13.75m compliant body with full-side curtain opening for efficient loading/unloading, air suspension, and EBS braking system.
• Three-axle Side-Dump Full Trailer (三轴侧卸全挂车) Three-axle side-dump full trailer with high-strength steel frame and body, lightweight design for medium-short distance sand, gravel, and grain transport with 30-second fast unloading capability.
• Four-axle U-shaped Rear-Dump Semi-Trailer (四轴U型后卸半挂车) Four-axle U-shaped rear-dump semi-trailer with streamlined design and high-strength wear-resistant steel. Features CIMC's proprietary running gear with patent axle and suspension design for extended tire life by 60,000-100,000km.
• Only Star Chain Rear-Dump Semi-Trailer 7A (唯有星链后卸半挂车7A) Annual flagship model rear-dump semi-trailer under the Star Chain brand, featuring optimized design and manufacturing for domestic market competitiveness. Annual model sales accounted for approximately 40% of Star Chain semi-trailer/tanker sales in China and Global South markets.
• Ouguan Series High-End Tankers (欧冠系列高端液罐车) High-end tanker series launched June 2025 combining European technology genes with Chinese scenario intelligence, setting new industry benchmarks for quality. Part of the Star Chain Tanker premium product line.
• Star Storm Vehicle Transport Trailer (星辰风暴车辆运输车) Vehicle transport trailer for car carrier applications, part of the Star Chain product family. Launched as a 2025 annual model for the vehicle transport segment.
• J-RT 1.0 Pure Electric Mixer Truck (J-RT1.0纯电动头挂搅拌车) Pure electric mixer truck integrating electric tractor head with mixer body, batch deployed in Xi'an with 37.7% energy consumption reduction compared to conventional diesel mixer trucks. Designed for concrete logistics applications.
• Hao Qian Gua Integrated Tractor-Trailer Brand (好牵挂品牌) CIMC's tractor-trailer integration brand developed with Shaanxi Heavy Duty Auto, offering unified "one vehicle enterprise" solution combining tractor and trailer with comprehensive service support. Includes joint sales teams, shared customer experience centers, and integrated product development. 2026 Q1 integrated sales volume increased 20% YoY.

Quantifiable outcome

• EV-BT 700 pure electric truck-trailer achieves zero emissions, high load capacity, fast unloading, low energy consumption for bulk logistics
• +5 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core, minor and flagship.

• 中外运 (SINOTRANS)coreStrategic or Co-development Partner · 29 May 2026Strategic partnership at Horgos 三好发展中心 launch. SINOTRANS Northwest Company focuses on Northwest and Belt and Road cross-border logistics services. Cooperation to promote high-end equipment manufacturing and modern logistics integration.
• 晋商银行 (Jinshang Bank)minorOthers · 1 May 2026Local financial institution participating in Horgos development center activities and Datong EV-RT delivery events, providing financing support for regional logistics upgrades.
• 宁德时代 (CATL)coreStrategic or Co-development Partner · 20 May 2025Battery technology partnership for EV-RT products. CATL provides core battery technology customized for Datong climate and bulk logistics operational needs. High energy density and intelligent thermal management ensure stable vehicle range and help customers reduce costs and increase efficiency.
• 犀重汽车 (Xizhong Automobile)coreStrategic or Co-development Partner · 20 May 2025Strategic cooperation for EV-BT 700 pure electric truck-trailer products. Focus on localized customization and R&D, working with CATL to provide battery-swappable heavy trucks for Changchi Logistics, achieving long range, fast battery swap, and low energy consumption.
• 陕汽控股 (Shaanxi Heavy Duty Automobile)flagshipStrategic or Co-development Partner · 6 September 2024Deep strategic cooperation under '中集·陕汽三好合作组织' (CIMC-Shaanxi 'Three Goods' Cooperation Organization). Joint '一个车企' (one vehicle enterprise) brand development, integrated product R&D, shared customer experience centers. 2026 Q1 integrated sales volume increased 20% YoY.
• 江浙地区核心战略合作伙伴coreStrategic or Co-development PartnerCore strategic supplier partnerships in Yangtze River Delta and Pearl River Delta regions. Focus on walking mechanism integration R&D, core components customization, lifecycle value services, and overseas capacity coordination.

Scale indicators13 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• Great Dane Trailers: US-based manufacturer of dry van, refrigerated, and platform semi-trailers with extensive North American dealer network — directly comparable in product mix and end-market exposure (logistics fleets, cold chain).
• Wabash National Corporation: US-listed manufacturer of semi-trailers (dry van, refrigerated, platform, tank) — directly comparable global semi-trailer producer operating in North America with similar customer base of logistics and fleet operators.
• Utility Trailer Manufacturing Company: Privately held US manufacturer of dry vans, reefers, and flatbeds — directly comparable global semi-trailer competitor with similar product portfolio serving long-haul logistics customers.
• Hyundai Translead: Korean-owned semi-trailer manufacturer (dry van and refrigerated) serving North America — comparable product overlap (reefer and van trailers) and global manufacturing presence like CIMC's cross-ocean model.

Broad incumbents

• Sinotruk (China National Heavy Duty Truck Group): China's largest heavy-duty truck OEM and a CIMC strategic chassis partner — competes in the broader commercial vehicle ecosystem, with overlapping customer relationships among large fleet operators and co-developed integrated solutions with CIMC.
• Daimler Truck AG: Global leader in medium- and heavy-duty trucks (Mercedes-Benz, Freightliner, FUSO) — broad incumbent in commercial vehicle space with overlapping customer base of fleet operators purchasing both tractors and trailers.
• Volvo Trucks (Volvo Group): Global premium heavy-duty truck OEM with strong Europe position and expanding EV truck roadmap — broad incumbent comparable to CIMC's push into electric commercial vehicle solutions and integrated fleet offerings.
• PACCAR Inc: Parent of Kenworth, Peterbilt, and DAF — global heavy- and medium-duty truck manufacturer with substantial scale advantages; comparable as a diversified commercial vehicle incumbent with adjacent trailer exposure.

Regional players

• Dongfeng Motor Corporation: China's largest commercial vehicle manufacturer with deep tractor, dump, and special-purpose vehicle lineup — comparable primarily in the Chinese DTB and electric special vehicle segments where CIMC supplies bodies.
• FAW Jiefang: Leading Chinese heavy-duty truck OEM with growing new-energy truck portfolio — comparable in the China DTB body and electric truck-trailer integration space and a potential competitor for CIMC's EV-RT value chain.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/CimcG
• Facebookfacebook.com/CIMCVEHICLESTRAILERS
• LinkedInlinkedin.com/company/cimc-vehicles-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries13 records

Funding overview

Funding rounds1 record

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CIMC Vehicles Group