In February, heavy truck sales reached 80,000 units, a 34% increase! Electric heavy truck sales soared 2.5 times.

According to the preliminary data obtained by the First Commercial Vehicle Network, in February 2025, China's heavy truck market sold a total of about 80,000 vehicles (wholesale caliber, including exports and new energy), an increase of 11% compared to January this year, and a significant increase of 34% compared to the same period last year. In the monthly sales trend chart of China's heavy truck market from 2019 to 2025 (unit: vehicles), the 80,000 vehicles in February of this year, when compared to the past eight years, is second only to the sales volume in February 2021. It is higher than the sales volume in February of other years, so it can be said that February of this year is a month with a "higher significance". From January to February this year, the cumulative sales of China's heavy truck market were 152,000 vehicles, with a year-on-year cumulative decline narrowing to 3%. The analysis by the First Commercial Vehicle Network believes that the double increase in year-on-year and month-on-month in the heavy truck market in February 2025 is mainly due to four reasons. First, January was the Spring Festival month, which is traditionally the off-season. In February after the Spring Festival, the manufacturing and transportation industries gradually resumed work, and the demand for goods transportation quickly increased from the low point in January, leading to an increase in purchase demand and new car sales on a month-on-month basis. Furthermore, heavy truck manufacturers, in order to meet the traditional peak sales season after the Spring Festival, are bound to ramp up production to provide sufficient new vehicle inventory for dealers. Secondly, last year's Spring Festival month was in February with relatively low sales volume, at less than 60,000 vehicles. Therefore, the year-on-year growth in industry sales volume in February this year was expected. Third, end users have strong demand for natural gas heavy trucks and electric heavy trucks, leading to a significant increase in wholesale sales volume for heavy truck manufacturers. In February this year, due to the continued low retail price of vehicle-use LNG the price in northern regions generally below 4.5 yuan/kg, with some areas even below 4 yuan/kg this means that the unit price differential between oil and gas is between 2.5-3 yuan. In a freight market environment where road transportation prices are continuously dropping, the low LNG prices have attracted many diesel heavy truck users who want to switch vehicles to purchase new natural gas heavy trucks, thereby significantly reducing energy costs and operational burdens, increasing additional income. In addition, electric heavy trucks continue to be favored due to their extremely low operating costs and high expected returns, and continue to sell well in the mid-short haul freight markets such as coal, steel, sand and gravel, cement, slag, mixing, ports, and other industries. Lastly, the export sales volume of Chinese heavy trucks in February 2025 is expected to remain stable, without dragging down. In the monthly sales trend chart of China's heavy truck industry from 2015 to 2025 (unit: 10,000 vehicles), in February: natural gas heavy trucks "selling like crazy," electric heavy trucks double in sales.