| Charging heavy truck company sales table from January to December 2024 | ||||||
| unit: vehicles | ||||||
| Total charging heavy truck brands/industries | Cumulative in 2024 | Cumulative over the same period | year-on-year growth | Share in 2024 | Share during the same period | Share increase or decrease |
| 48,400 | 15,600 | 209% | 100% | 100% | — | |
| Sany Group | 12,200 | 3804 | 220% | 25.14% | 24.33% | 0.81% |
| XCMG Auto | 7154 | 2459 | 191% | 14.79% | 15.73% | -0.93% |
| FAW Jiefang | 6021 | 790 | 662% | 12.45% | 5.05% | 7.40% |
| Yutong | 4711 | 2135 | 121% | 9.74% | 13.66% | -3.91% |
| SINOTRUK | 4349 | 867 | 402% | 8.99% | 5.55% | 3.45% |
| dongfeng | 4057 | 1794 | 126% | 8.39% | 11.47% | -3.09% |
| Shaanxi Auto （SHACMAN） |
3338 | 791 | 322% | 6.90% | 5.06% | 1.84% |
| Foton Motors | 2733 | 505 | 441% | 5.65% | 3.23% | 2.42% |
| Farizon Auto | 1640 | 987 | 66% | 3.39% | 6.31% | -2.92% |
| Beiben Trucks | 471 | 523 | -10% | 0.97% | 3.35% | -2.37% |
| C&C Trucks | 333 | 53 | 528% | 0.69% | 0.34% | 0.35% |
| JAC Auto | 321 | 16 | 1906% | 0.66% | 0.10% | 0.56% |
| others | 1076 | 911 | 18% | 2.22% | 5.83% | -3.60% |
Data source: First Commercial Vehicle Network
Highlights of Sale Data of Jan-Dec 2024 :
1. The overall market is growing rapidly
In 2024, the rechargeable heavy-duty truck market achieved significant growth, with cumulative sales reaching 48,400 units, a year-on-year increase of 209%.
This shows that the market demand for the rechargeable heavy truck industry has increased significantly driven by policy support and technological progress.
2. FAW Jiefang's market share has increased significantly
FAW Jiefang performed particularly well, with sales of 6,021 units in 2024, a year-on-year increase of 662%, and its market share increased from 5.05% in the same period last year to 12.45%, an increase of 7.40 percentage points.
This reflects its rapid rise and increasing market recognition in the field of new energy heavy trucks.
3. The market share of some leading enterprises has declined
Despite the rapid growth of the industry as a whole, the market share of some leading enterprises such as Yutong, Dongfeng and Farizon Auto has declined.
For example, the market share of Yutong has dropped from 13.66% to 9.74%, a decrease of 3.91 percentage points; Dongfeng has dropped from 11.47% to 8.39%, a decrease of 3.09 percentage points.
This may be related to the intensified market competition and the impact of new entrants.
4. Emerging companies have outstanding performance
Some emerging companies will perform well in 2024, such as JAC Motors and C&C Trucks.
JAC's sales surged from 16 to 321 vehicles, a year-on-year increase of 1,906%, and its market share increased from 0.10% to 0.66%.
C&C Truck's sales also increased from 53 to 333, a year-on-year increase of 528%, and its market share increased from 0.34% to 0.69%.
The rapid growth of these emerging companies shows the diversification of the market and the changes in the competitive landscape.
5. Beiben Truck faces challenges
Beiben Truck is the only company with a year-on-year sales decline. Sales in 2024 were 471 vehicles, a year-on-year decrease of 10%, and its market share dropped from 3.35% to 0.97%, a decrease of 2.37 percentage points.
This shows that the company has encountered certain difficulties in the process of new energy transformation and needs to take measures to cope with market competition.
Contact ADVENCAR if interested in reselling these popular trucks in your city.
