In September 2024, domestic sales of natural gas heavy trucks reached only 6,586 units, marking a sharp year-on-year decline of 76.1% and a substantial month-on-month drop of 45.7%, reflecting an increasingly severe market situation. From January to September, cumulative sales of domestic natural gas heavy trucks totaled 142,000 units, a net increase of 30,000 compared to the same period last year, representing a year-on-year cumulative growth of 27.3%.
Facing the severe situation of an overall industry decline, the natural gas heavy truck market came under further pressure in September, with nine of the top ten companies experiencing negative sales growth. Among them, seven companies saw a decline of over 50%, and four companies faced declines exceeding 70%, highlighting the harsh “winter” in the market.
In September, Shaanxi Automobile sold 1,604 natural gas heavy trucks, capturing a 24.4% market share—an increase of 10.9 percentage points year-on-year—leaping to the top of the industry rankings with a significant position rise. China National Heavy Duty Truck Group (Sinotruk) maintained its second-place position with sales of 1,416 units and a 21.5% market share, expanding its share by 4.1 percentage points.
Meanwhile, Foton Auman, Liuzhou Motor, JAC, and Hongyan, four of the top ten companies, performed well despite the adverse market conditions, all increasing their market share in natural gas heavy trucks. Specifically, in September, Auman’s market share reached 21.4%, a significant increase of 13.4 percentage points year-on-year, while Liuzhou Motor, JAC, and Hongyan saw gains of 2.2, 0.9, and 0.5 percentage points, respectively, demonstrating notable improvements in market competitiveness.
