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16 Apr 2024

In the first quarter of this year, signs of recovery in the commercial vehicle market became increasingly apparent. According to the latest data from the China Automobile Association, from January to March, the commercial vehicle market sales totaled 1.033 million units, a year-on-year increase of 10.1%. Among them, domestic sales were 819,000 vehicles, a year-on-year increase of 6.3%; export sales were 214,000 vehicles, a year-on-year increase of 27.5%.

Natural gas heavy truck sales surge

The overall sales volume of the heavy truck market is rising, which is related to the rapid increase in the 

penetration rate of natural gas heavy trucks. In March this year alone, the terminal sales of natural gas 

heavy trucks exceeded 30,000 units, quadrupling year-on-year, and the penetration rate exceeded 40%.


In the first quarter, the sales and orders of natural gas heavy trucks of many commercial vehicle companies

 also grew rapidly. In the first quarter, Shaanxi Automobile heavy truck natural gas product orders increased 

by 69.3% year-on-year, and sales increased by 93.6% year-on-year. Gas trucks are having a brighter future!


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