China’s ZE-HDV Market Consolidation
Current producers of diesel HDVs are losing ground in this market. Most notably, FAW, the biggest diesel truck producer in China, has not adopted the switch to ZE-HDVs quickly and has a small market share. To become the market leader in ZE-HDVs by 2030, FAW has announced investments totaling more than 30 billion yuan through 2025.
Dongfeng Motor overtook FAW in the emerging market in 2021 by producing the most, with 5,500 ZE trucks. Dongfeng Motor stated in 2018 that it will launch 20 electric vehicles by 2022—ranging from light-duty delivery vans to long-haul tractors—as part of an ambitious strategic plan for electrification.
7 of the top 10 ZE-HDV manufacturers focused primarily on buses in 2021, in a pattern similar to their diesel output. These companies include King Long, Geely, and Ankai, all of which made the top 10 list this year. King Long has decades of experience with alternative energy powertrains, having unveiled the first hybrid coach using a lead acid battery in 2001. Geely has a long-standing reputation in China as a manufacturer of electric passenger cars, and it entered the ZE-HDV market in 2016. Geely has concentrated its efforts on developing methane engines for long-haul tractor-trailers in addition to electric vehicles and buses.
Overall, the Chinese ZE-HDV market is seeing a significant consolidation. It remains to be seen how this consolidation will play out in the coming years and who will come out on top.
Source: Zero-emission bus and truck market in China: A 2021 update | The ICCT
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