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LNG Vehicle Population Surges in Chinese Market

Date:2012-12-07 Source:www.chinatrucks.com

www.chinatrucks.com. Under the pressure of energy shortage and environment pollution, countries around the world have chosen energy efficient and new energy vehicle as the developing strategy nowadays and as the clean fuel vehicle, LNG products have been adopted in numerous sectors. The population of LNG vehicle has exceeded 12.67 million by the end of 2010 and the gas stations have reached over 18,200. The natural gas vehicle developed rapidly in China during the last two years, among which, sales of LNG and CNG vehicles grew by over 20% and 30% per year respectively. Population of domestic natural vehicles has exceeded 1 million from the mere 10,000 in the year of 2000. It is estimated that the number will reach 3 million in 2020 and the growth in the next 5 years will reach as high as 27%.

Influenced by economy and distribution of gas stations, the natural gas vehicle mainly focuses on the commercial vehicle market. The proportion of CNG and LNG reaches 2:1 for buses and the heavy trucks are basically LNG vehicles. Among numerous manufacturers, Shaanxi Auto enjoys the first mover advantage and accounts for much of the LNG heavy truck market. The domestic LNG vehicle industry in China experienced an explosive growth since 2008 and the speed has exceeded that of passenger bus and heavy truck.

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