November 2024 Sees Surge in New Energy Heavy Trucks in China

In recent months, the sales of new energy heavy trucks in our country have been continuously rising and hitting new highs. In October, over 8,000 units were sold, which is the highest sales volume ever. In November, 6,867 new energy tractors were added. Compared with the previous month, the growth rate was 29%, and compared with the same period last year, it increased by 190%.

In November 2024, China saw an increase of 6,867 new energy trucks, according to data from Chinatrucks.com. This data comes from the sales records of heavy trucks using Beidou operating licenses, excluding mandatory insurance data, exports, and military vehicles.

Compared to October, the number of new energy trucks in November grew by 29%. When compared to the same period last year, the increase was 190%. Although the year-on-year growth rate was slightly lower than October's 252%, November's sales volume increased by more than 1,500 vehicles compared to October. Overall, the performance surpassed the traditional peak sales season of September and October.

In November 2024, ten companies in China sold over 100 new energy trucks each. Among them, eight companies sold over 200 trucks, and six companies sold more than 600 trucks. FAW Jiefang ranked first with 1,332 trucks sold, followed by SANY and XCMG with 1,158 and 923 trucks, respectively. Dongfeng, Sinotruk, and Shaanxi Auto each sold over 600 trucks, with 692, 642, and 641 trucks, respectively. Foton ranked seventh with 541 trucks sold. Yutong, Farizon, and JAC sold 270, 193, and 159 trucks, ranking eighth to tenth.

Compared to October, the rankings of FAW Jiefang, SANY, and XCMG remained unchanged. However, Dongfeng and Sinotruk moved up in ranking. The competition in the new energy truck market is very fierce, making it difficult for any company to maintain a stable ranking. In terms of year-on-year growth, most mainstream companies saw significant increases in November. FAW Jiefang, SANY, Sinotruk, Shaanxi Auto, and Foton led the market with growth rates of 304%, 543%, 756%, 325%, and 522%, respectively. XCMG, Dongfeng, and JAC also achieved double-digit growth. However, some companies saw a decline in sales, with some experiencing a double-digit decrease.

From January to November 2024, SANY sold over 6,000 trucks, maintaining the top position. FAW Jiefang surpassed XCMG to take the second place. The cumulative sales of new energy trucks reached 38,900 units, a year-on-year increase of 173%. Ten companies achieved cumulative sales of over 1,000 trucks this year. SANY's cumulative sales reached 6,180 units, with a market share of 15.88%. FAW Jiefang and XCMG each sold over 5,000 units, with 5,669 and 5,647 units respectively, and market shares of 14.57% and 14.51%. Sinotruk, Dongfeng, and Shaanxi Auto each sold over 3,000 units, with market shares of 8.86%, 8.22%, and 8.14%. Yutong and Foton ranked seventh and eighth with 2,686 and 2,646 units sold, holding market shares of 6.90% and 6.80%. Farizon and JAC each sold over 1,400 units, with 1,903 and 1,443 units, and market shares of 4.89% and 3.71%.