In August this year, the new energy-heavy truck market ushered in explosive growth, a year-on-year surge of 117%, to achieve monthly sales year-on-year “8 consecutive”. Among them, the pure electric heavy truck sales of 5,688, accounting for 90.2%. This data marks the new energy-heavy truck formally stepping into the period of rapid growth, heralding the wave of commercial vehicle electrification coming.
Battery technology advances to promote economic improvement
An important reason for the surge in sales of new energy-heavy trucks is the rapid progress of battery technology. According to the Sihan Industrial Research Institute report, the price of lithium iron battery PACK excluding tax has dropped to about 0.5 yuan/wh, nearly half of the high point period. This directly leads to a significant decline in the acquisition cost of electric heavy trucks, which is expected to drop by more than 100,000 yuan. Although the current selling price of electric heavy-duty trucks is still about 35% higher than that of traditional heavy-duty trucks, the economic advantages of its operation have been very obvious. With the continuous progress of battery technology and the scale effect of the emergence of the financial advantages of electric heavy trucks will be further highlighted, is expected to become the core driving force to promote rapid market growth.
The market pattern of fierce competition, traditional car companies, and new forces driving side by side
Attracted by the huge market prospects, traditional commercial vehicle enterprises such as Sany, China National Heavy Duty Truck Corporation (CNHTC), Yutong Group, etc. have to accelerate the layout of the new energy heavy truck business. At the same time, the speed of leopard technology as a representative of the new forces also relies on pure electric technology platform advantage to quickly cut into the market. Speed Panther Technology launched in April this year, The “Panther Black Diamond” electric tractor has realized mass production delivery and reached a strategic cooperation with the European car company Steyr Automobile, plans to launch a variety of electric tractors and trucks at the end of 2025 new products.
At present, the competition pattern of the electric heavy truck market has not been stabilized, and the differences in energy consumption, failure rate, and other key indexes of various enterprises will gradually appear. Traditional heavy truck enterprises may occupy a favorable position in the future market competition of their long-accumulated technical reserves and brand advantages. However, new power enterprises are also expected to occupy a place in the market segment under their flexible innovation mechanism and pure electric technology platform.
The future market prospect is broad, Chinese enterprises are expected to lead the world
Yu Yang, vice president of the brand and market of Speed Leopard Technology, predicted that by 2030 China’s new energy commercial vehicle sales will reach 1.5 million units, and the market penetration rate will exceed 30%. Globally, the market share of medium and heavy-duty electric trucks is expected to increase to 30%, and annual sales are expected to reach $100 billion. This huge market space provides a rare development opportunity for Chinese companies.
Based on China’s leading edge in battery technology and supply chain, it is expected that 1-2 Chinese heavy-duty truck companies will gain more than $10 billion in annual sales in the global market in the future. In contrast, electric trucks in the European market are currently sold at 2.5-3 times the price of fuel vehicles and are in short supply. Chinese companies are expected to occupy an important position in the global new energy-heavy truck market under cost and technology advantages.
Overall, the new energy-heavy truck market is on the eve of an outbreak and is expected to realize rapid growth in the next three years under the impetus of multiple factors such as policy support, technological progress, and market demand. Chinese enterprises should seize this rare development opportunity, accelerate technological innovation and market layout, and strive to occupy a leading position in the global new energy heavy truck market.
Rheedal electric heavy truck push through center cap
Leading the future, protecting every step
In the world of electric heavy-duty trucks, every detail is crucial. Rheedal‘s hub center caps are not only an aesthetic decoration but also a guarantee of performance and safety. Made of high-strength materials, they are impact and abrasion-resistant, ensuring that your heavy truck is always in top condition under a variety of complex road conditions.
Features:
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