Sales of Clean Energy-Powered Heavy Trucks Surge by 139%

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What’s new: Sales of new energy-powered heavy-duty trucks surged 139% year-on-year in the first five months of 2024, driven by advances in battery technology and governments’ move toward a greener future, according to Gaogong Industry Institute. Co. Ltd. (GGII).

A total of 20,776 new energy heavy trucks were sold in China between January and May, including 19,700 pure electric vehicles, 976 fuel cell trucks and 100 plug-in hybrid trucks, GGII data showed.

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Sales of new energy-powered heavy-duty trucks in China grew 139% year-on-year in the first five months of 2024, reaching 20,776 units.
Pure electric heavy trucks dominated sales with 19,700 units, and their sales grew by 142% year-on-year.
Leading sales companies were Nanjing Xugong Automobile (3,647 units), Sany Automobile, and China National Heavy Duty Truck Group.

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Who’s Who

Nanjing Xugong Automobile Manufacturing Co. Ltd.: Nanjing Xugong Automobile Manufacturing Co. Ltd. is a leading company in the new energy heavy-duty truck market in China. In the first five months of 2024, it sold 3,647 units, securing a market share of 17.55%. The company's leadership in sales is attributed to the surge in demand for new energy vehicles driven by government policies and advancements in battery technology.

Sany Automobile Manufacturing Co. Ltd.: Sany Automobile Manufacturing Co. Ltd. is one of the top three companies in new energy heavy truck sales in China. Between January and May 2024, they contributed to the surge in sales of new energy-powered heavy-duty trucks, driven by advancements in battery technology and governmental green initiatives. Despite the article not specifying exact sales figures for Sany, it highlights their significant role in the market growth of new energy heavy trucks.

China National Heavy Duty Truck Group Co. Ltd.: China National Heavy Duty Truck Group Co. Ltd. is one of the top three companies in the new energy heavy truck sector in China. As of the first five months of 2024, it ranked among the leaders in sales of new energy heavy trucks, driven by advancements in battery technology and government policies promoting greener transportation alternatives. It plays a significant role in the country's effort to reduce carbon emissions from heavy-duty vehicles.

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What Happened When

2021：: China introduced a series of policies promoting the transition of heavy trucks to new energy vehicles.

2022：: Heavy trucks accounted for about 4% of China’s total vehicle ownership, but their emissions contributed significantly to automotive emissions according to the Ministry of Ecology and Environment.

January 2024 - May 2024：: A total of 20,776 new energy heavy trucks were sold in China, including 19,700 pure electric vehicles, 976 fuel cell trucks, and 100 plug-in hybrid trucks.