Huatai Securities: The policy first proposes the goal of new energy heavy trucks by 2030, benefiting the domestic power battery and green hydrogen industry chain.

Huatai Securities research report stated that recently, the Ministry of Transport, the National Development and Reform Commission, and eleven other departments jointly issued the "Implementation Plan for Promoting the Large-scale Application of New Energy Heavy Trucks," which clearly stated that by 2030, the penetration rate of new energy heavy trucks sales will reach 40%, the number of new energy heavy trucks will exceed 1.6 million, and the proportion will reach about 20%. Huatai Securities believes that the document is the first in China to propose national quantitative targets for the heavy truck sector, which has high energy consumption and high battery usage, and to include the construction of infrastructure such as charging and swapping stations in the overall planning, achieve coordinated promotion in multiple scenarios and technologies, and benefit the domestic power battery and green hydrogen industry chain.