In the third quarter of 2024, the addition of new energy heavy-duty trucks reached 17,519 units, marking a quarter-on-quarter increase of 30.4% and a year-on-year growth of 149.7%. This significant increase indicates that the market is gradually accepting and recognizing new energy heavy trucks. At the same time, the penetration rate of new energy heavy trucks also rose to 16.80%, up by 6.7 percentage points quarter-on-quarter and 11.2 percentage points year-on-year. This growth reflects not only an increase in market demand but also the positive impact of policy support and technological innovation.
As a key segment of new energy heavy-duty trucks, the market performance of new energy tractors is equally noteworthy. In the third quarter of 2024, the number of newly added new energy tractors reached 12,936 units, reflecting a quarter-on-quarter increase of 64.0% and a year-on-year growth of 184.7%. This growth highlights the rapid development of the new energy tractor market and underscores its important role in the logistics and transportation sector.
From January to September 2024, the addition of new energy heavy-duty trucks reached 39,900 units, marking a year-on-year growth of 136.1% and a quarter-on-quarter increase of 17.7%, further proving the strong growth momentum of the new energy heavy truck market. The penetration rate of new energy heavy trucks also rose to 11.8%, up by 7.4 percentage points year-on-year and 0.7 percentage points quarter-on-quarter, indicating a steady increase in their market share within the overall heavy-duty truck sector.
China Top 10 New Energy Tractor Brands in Q3 2024:
- FAW Jiefang: 2,071 units
- XCMG Group: 2,044 units
- SANY Group: 1,903 units
- CNHTC Group: 1,237 units
- Dongfeng Group: 1,195 units
- Shaanxi Auto Group: 1,120 units
- Yutong Group: 995 units
- BAIC Group: 718 units
- Anhui Hualing: 509 units
- Anhui Jianghuai: 257 units
