2023 Asia Pacific

China's commercial vehicle market has become the largest market in the world, and is rapidly integrating in the wave of intelligence, electrification, Internet, Internet of Things and sustainable development. The goal of "carbon reaching peak and carbon neutralization" has brought new challenges and opportunities to the commercial vehicle industry, and it is the general trend to vigorously develop new energy commercial vehicles. At present, the penetration rate of new energy commercial vehicles in China is only 8.2%, which still has huge room for improvement and carbon reduction benefits.

The "Fourteenth Five Year Plan" period is a critical and window period for commercial vehicles to achieve green and low-carbon transformation and accelerate the formation of a new development pattern. With the introduction of national support policies and the continuous growth of market demand, new energy commercial vehicles are rapidly promoted and applied in public transport, urban logistics, environmental sanitation, ports, yards, mining areas, short distance transportation and other specific scenarios, hybrid power, fuel cells, power replacement technology The key core technologies of commercial vehicles, such as lightweight, have been continuously broken through. Commercial vehicles and upstream and downstream enterprises have continued to increase their investment in the field of new energy. New energy commercial vehicles have ushered in a period of vigorous development.