The new energy heavy truck market is booming, with sales exceeding 60,000 units from January to November

The new energy heavy truck market is booming, with sales exceeding 60,000 units from January to November

Sales volume of new energy heavy-duty truck companies from January to November 2024 (unit: vehicle)
New energy heavy truck brand/Industry Total Cumulative units in 2024 Cumulative over the same period Year-on-year growth Share in 2024 Share of the same period Increase or decrease in share
66800 28000 139% 100% 100% -
SANY GROUP 11400 4571 149% 17.05% 16.34% +0.72%
XCMG Automotive 11200 4583 145% 16.78% 16.38% +0.41%
FAW Jiefang 7685 1760 337% 11.50% 6.29% +5.21%
Sinotruk 6275 1532 310% 9.39% 5.48% +3.92%
Shaanxi Auto shacman 5709 2087 174% 8.54% 7.46% +1.09%
Dongfeng 5539 2682 107% 8.29% 9.59% -1.30%
Yutong 5232 2736 91% 7.83% 9.78% -1.95%
Foton 4064 1141 256 6.08% 4.08% +2.00%
Farizon Auto 3459 2567 35% 5.18% 9.17% -4.00%
JAC Motor 1714 205 736% 2.57% 0.73% +1.83%
SAIC Hongyan 824 817 1% 1.23% 2.92% -1.69%
Beiben Truck 665 753 -12% 1.00% 2.69% -170%
Others 3042 2547 19% 4.55% 9.10% -4.55%
Data Source: Compulsory Traffic Insurance Statistics
From January to November 2024, China's new energy heavy-duty truck market has accumulated sales of 66,800 units, a year-on-year increase of 139%.

1. The top two companies, Sany and XCMG, have increased their cumulative sales by 149% and 145% year-on-year from January to November this year.
Both companies have doubled their sales in the same period last year, and their growth is very valuable.

2. Jiefang and Sinotruk's sales from January to November this year increased by 337% and 310% year-on-year, respectively, the fastest growth among the top five in the industry.
It is worth mentioning that Jiefang and Sinotruk ranked 7th and 8th in the new energy heavy-duty truck market at the end of last year, which is a great improvement.

3. JAC's new energy heavy-duty truck sales from January to November this year soared 736% year-on-year, leading the industry.

In November, the new energy heavy-duty truck market once again set a new monthly sales record for new energy heavy-duty trucks with a super "explosive" performance of more than 10,000 units. At the same time, a number of new energy heavy-duty truck manufacturers continued to deliver double or even several-fold growth in November, and many companies set their own highest monthly sales records in the new energy heavy-duty truck market.
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