LNG Truck Sales Expected to Reach 113 Thousand Units by End of 2020
“It is expected that annual sales of the natural gas-powered trucks will rise to 113 thousand untis, where as of May, a total of 17.5 thousand NG truck sales has been recorded”, said Pen Yuquan, a marketing director from FAW Jiefang Qingdao automobile, at a forum on development of new clean energy technologies held in Qingdao.
The number representing around 10 percent of the total heavy truck sales, which is estimated to reach 1.48 million sales by the end of the year. As of July, China’s heavy-duty truck sales has reached 960 thousand untis, a 31 percent increase, as compared to the sales during the same period in 2019.
China is seeing significant growth in demand for natural gas as the government encourages the switch away from traditional fuel to cleaner energy. Another reason for the increased demand is that more and more infrustructure constructions were able to resume as restrictions began to ease in March.
The natural gas-powered vehicles have a driving range varying from 1000km to 1500km on a tank of 1350L natural gas. Furthermore, natural gas-powered trucks have been upgraded in terms of power. For example, the Jiefang JH6 model delivers up to 460hp, which can ddress customers’ demand for ever-faster delivery.
According to the survey, the price of natural gas should remain low over the next period, which will become the favorable factor to boost LNG truck sales. Because natural gas fee represents around 36 percent of the total cost of the transport. The cost of natural gas cut down, then the profit will be raised.
Views:0
- Q1 to Q3 LNG/CNG Truck Sales Surpass Whole of Last Year 2020-10-22
- SAIC Hongyan Launches LNG Genlyon Trucks 2019-10-29
- FAW Jiefang Releases New Generation of LNG Trucks in Taiyuan 2019-10-24
- C&C Delivers 40 LNG Muck Trucks to Its Customer from Shenzhen 2018-11-07
- 47 Units Dongfeng LNG Sanitation Trucks to Arrive in Xinjiang for Operation 2018-09-20
- Sinotruk J7G LNG Tractor Highly Favored by Logistics Company 2018-06-07
- SHACMAN Delong X3000 LNG Truck and M3000 CNG Truck Set to Make Splashes 2018-05-17
- Volvo Introduces LNG Versions of FM and FH Trucks 2017-10-11
- China LNG Group Introduces 50 Units SHACMAN LNG Trucks 2017-08-09
- 160 Units of SINOTRUK LNG Dump Truck Delivered at Shanghai Port 2017-02-21
Submit Your Requirements, We Are Always At Your Service.
- BYD Stopped the Production of Fuel Vehicles
- Geely Began Test Runs of Green E-methanol Vehicles in Danmark
- 2022 SANY Global Dealer Summit Was Held Successfully Online
- BYD and Shell Partner on EV Charging across China and Europe
- Daimler Truck Significantly Increase Sales, Revenue and Net Profit in 2021
- Scania Year-end Report January-December 2021
- Hyundai Motor and Iveco Group Sign MOU to Explore Future Collaboration
- GAUSSIN Enters China, the Largest Truck Market in the World
- Over 1,200 Hydrogen-powered Vehicles Deployed for the Beijing Winter Olympics
- Chinese New Year Holiday Closure Notice
- China's Truck Exports Grew by 30% YOY to 63490 Units in January-February
- China's New Energy Heavy Trucks Grew Despite an Overall Slump
- Heavy-duty Truck sales in China Fell by 54% to 54,000 units in February
- SINOTRUK Achieves Sales of 27,725 Vehicles in January, 2022
- China’s Domestic Tractor Sales Exceed 40,000 Units in January
- 2021 JAC International Pickup Export Performance
- JAC Achieved a Great Result in 2021
- China's Truck Export in 2021 Reached a 10-year Peak
- Heavy-duty Truck Sales in China Fall 57 Percent on Year in January
- China Recorded Sales of 645000 Tractors in 2021