By 2024, the cumulative actual sales of new energy light trucks reached 99,300, a year-on-year increase of 120%.

According to an article by the first commercial vehicle network, since 2024, the Shanxi Guoxin Energy Corporation's light truck market has shown a steady improvement trend. In July, sales exceeded 8,000 units, in September exceeded 9,000 units, and in October and November, sales exceeded 10,000 units for two consecutive months. In the last month of 2024, the new energy light truck market continued to maintain sales of over 10,000 units. In the whole year of 2024, the overall sales of new energy light trucks approached 100,000 units. In December, actual sales were 13,800 units, a year-on-year increase of 147%, reaching the highest monthly sales for the year. According to the latest data from the first commercial vehicle network, in December 2024, the domestic new energy light truck market sold a total of 13,800 units. Sales were almost the same as in November (a slight increase of 0.1%), and year-on-year growth continued, reaching 147% with an increase of 16 percentage points compared to the previous month (+131%). As of December 2024, the continuous growth trend of the new energy light truck market had reached "12 consecutive increases," with an average monthly growth rate of 156% in 2024. The trend of monthly sales of domestic new energy light trucks over the past three years can be seen in a chart, showing that the red bars representing 2024 were significantly higher than any previous year during the same period. Starting from March, sales consistently remained above 6,000 units, reaching over 10,000 units for three consecutive months from October to December. The sales of 13,800 units in December were the second-highest monthly sales in history (also the highest monthly sales for the year, although only 11 units more than in November), second only to 14,600 units in December 2022. In the whole of 2023, the domestic new energy light truck sales accumulated to 45,100 units, a 14% increase from 2022's 39,600 units. In the whole year of 2024, the sales of new energy light trucks accumulated to 99,300 units, a cumulative increase of 120% compared to the previous year, selling about 54,000 units more than in 2023. Remote continues to top the monthly ranking, with Yutong/Shaanxi Auto/Jiangling and other companies increasing their annual market share. In December 2024, the domestic new energy light truck sales reached 13,800 units, a year-on-year growth of 147%. Many companies maintained high levels in December, with 16 companies selling over 200 units, 4 companies selling over 1,000 units, and 8 companies selling over 600 units. Only companies with monthly sales of over 400 units made it to the top ten list. Apart from the top ten, Weichai New Energy, Zhejiang Flying Disc, Karry New Energy, Qingling, SAIC Light Truck, and BYD Company Limited all sold over 200 units in December. In the whole of 2024, the new energy light truck market sold a total of 99,300 units, a cumulative increase of 120% compared to the previous year. In the environment of overall doubled sales, most companies achieved growth. Top 12 enterprise sales of new energy light trucks (4.5-6T) from January to December 2024 (in units): The table shows that among the top 12 enterprises in the sales of new energy light trucks in 2024, only one company experienced a decline, and many companies achieved double-digit growth. Foton, Yutong, Shaanxi Auto Commercial Vehicle, Jiefang, Jiangling, and Qingling companies saw year-on-year growth of 126%, 245%, 665%, 136%, 462%, and 547%, respectively, higher than the overall market average, achieving double-digit growth and outperforming the overall market. In terms of market share, two companies had market shares of over 10% throughout 2024 in the new energy light truck market. Remote achieved a market share of 23.50% with cumulative sales of 23,300 units, while Foton's sales also exceeded 10,000 units in 2024, reaching 12.63% of the market share. Dongfeng and Yutong ranked third and fourth, with cumulative sales exceeding 7,000 units each, reaching 8,425 and 7,154 units respectively, with market shares of 8.49% and 7.21%. Yutong's market share increased by 3.07 percentage points compared to 2023. Shaanxi Auto Commercial Vehicle and Jianghuai ranked fifth and sixth, with cumulative sales exceeding 5,000 units each, with market shares of 5.88% and 5.27% respectively. Shaanxi Auto's market share increased by 4.19 percentage points compared to 2023. Weichai New Energy, Jiefang, and Jiangling had cumulative sales exceeding 4,500 units, ranking seventh to ninth, capturing 4.94%, 4.90%, and 4.81% of the market share in 2024. Jiefang and Jiangling's market shares increased by 0.33 and 2.93 percentage points respectively. SAIC Light Truck, FAW, and Qingling ranked tenth to twelfth, with cumulative sales exceeding 3,000 units, with market shares ranging between 3.4% and 4%. Qingling's market share increased compared to 2023. In addition, Xu Gong, BYD Company Limited (01211), and Zhejiang Feidie, ranked 13th to 15th on the cumulative sales list also exceeded 2,000 units, showing the market's vibrancy. The first commercial vehicle network noticed that since 2024, the gap between adjacent companies in the new energy light truck market has been very small, with changes between "neighbors" happening until the last month: Jianghuai surpassed Weichai New Energy and ranked sixth in the year-end 2024 rankings; Jiefang surpassed Jiangling and ranked eighth in the year-end 2024 rankings; FAW surpassed Qingling and ranked eleventh in the year-end 2024 rankings. Conclusion In the last three months of 2024, light truck sales exceeded 10,000 units each month, with a 12-month consecutive growth trend. In the whole of 2024, the cumulative sales of the new energy light truck market increased by 120%, with mainstream companies striving to achieve double-digit growth, and regional markets flourishing.