As one of the main models in the new energy heavy truck market, new energy dump trucks (hereinafter referred to as heavy-duty dump trucks) are playing an increasingly important role in the field of municipal engineering construction in mainland China. Although its current sales volume is not the largest in the new energy heavy truck market, its penetration rate in the overall dump truck market is the first in each segment of the heavy truck model, which shows that in the process of electrification of heavy trucks in the mainland, the electrification of dump trucks is progressing the fastest. This has also become a major attraction of the new energy heavy truck market in the mainland.
According to the terminal licensing data, in the first quarter of 2024, the cumulative sales of new energy heavy trucks in mainland China will be 10,954, a year-on-year increase of 181%, the terminal sales of the overall heavy truck market will be 135,500, and the penetration rate of new energy heavy trucks in the entire heavy truck market will be 8.08%. Thereinto:
The cumulative sales of new energy tractors were 6,228, a year-on-year increase of 172%; The terminal sales volume of the tractor market was 72,700 units, and the penetration rate of new energy tractors in the entire tractor market was 8.56%.
The cumulative sales of new energy dump trucks were 2,551, a year-on-year increase of 142%; The terminal sales volume of the dump truck market was 12,630 units, and the penetration rate of new energy dump trucks in the entire dump truck market was 20.2%.
The cumulative sales of other types of new energy special vehicles (including mixer trucks, sanitation vehicles, trucks, etc., the same below) were 2,175, a year-on-year increase of nearly 2 times; The terminal sales of other types of special vehicles were 50,200, and the penetration rate of other types of new energy special vehicles was 4.33%.
Based on the above analysis, it can be seen that the market penetration rate of new energy dump trucks in the first quarter of 2024 has exceeded 2% (20.2%), becoming the model with the highest penetration rate in various segments of new energy heavy trucks.
So, why can the market penetration rate of new energy dump trucks rank first in the heavy truck industry? According to the observation and analysis of electric cards, the main reasons are roughly as follows:
First, the continuous promotion of the "double carbon" strategy, dump trucks, as the main means of transportation for municipal construction, are the key objects of carbon reduction.
As the main means of transportation for municipal construction, the application scenarios of dump trucks are usually in urban areas or suburbs, while the carbon emissions of diesel dump trucks are the most important models in heavy trucks, and they are the main heavy truck models that cause pollution to the urban environment. According to public data, a four-axle heavy-duty dump truck usually emits 95 tons of carbon emissions per year. Reducing urban pollution inevitably reduces the carbon emissions of diesel dump trucks. Accelerating the electrification of dump trucks will inevitably become the first issue that city managers must consider in the implementation of the "dual carbon" strategy.
The main models such as tractors in heavy trucks are generally used in medium and long-distance trunk transportation, and the direct threat to urban environmental pollution is relatively smaller than that of dump trucks that often operate in urban areas.
Second, the increase in domestic new infrastructure investment projects has increased the demand for new energy dump trucks.
In order to better stimulate domestic demand and promote economic growth, governments at all levels have increased investment in new infrastructure projects (including roads, bridges, airports, etc.) and launched many new projects. The expansion of investment in new infrastructure projects will inevitably give rise to the demand for new energy dump trucks, providing an opportunity for the rapid growth of new energy dump trucks.
Third, the urban environmental protection policy promotes the reform of muck trucks, and the implementation of key cities is greater.
With the intensive introduction and implementation of environmental protection policies in various cities in mainland China, new energy dump trucks have gradually replaced fuel muck trucks (dump trucks) with serious pollution, which has become an inevitable choice for urban environmental protection. In particular, some key cities have implemented more vigorously, which has strongly promoted the increase in the market penetration rate of new energy dump trucks.
For example, in the first quarter of this year, Chengdu, which ranked first in the sales of new energy dump trucks, has been very strong in updating fuel muck trucks. According to the terminal licensing data, in the first quarter, Chengdu new energy heavy trucks have a total of 1,041 licenses, of which 806 new energy dump trucks have been licensed, accounting for 77.4% of the total number of new energy heavy trucks, accounting for the total sales of 2,551 new energy dump trucks in the mainland (31.6%), which has made a "first contribution" for the new energy dump truck market penetration rate in the mainland and the new high of various subdivisions of energy heavy trucks!
According to the observation of electric trucks, the reason why Chengdu has the most demand for new energy dump trucks is mainly due to the vigorous promotion of the policy side. As early as 2022, Chengdu issued the "Chengdu Action Plan for Optimizing the Transportation Structure to Promote the Green and Low-Carbon Development of the City" and the "Chengdu Policies and Measures for Optimizing the Transportation Structure to Promote the Green and Low-Carbon Development of the City", which clearly pointed out that the use of new energy construction waste trucks and new energy urban muck trucks will be encouraged, and the utilization rate of new energy garbage trucks and urban muck trucks in engineering construction projects will be gradually increased.
In March this year, the Sichuan Provincial Department of Economy and Information Technology, the Provincial Public Security Department and other four departments jointly issued the "Sichuan Province New Energy Medium and Heavy Commercial Vehicles Promotion and Application Measures (2024-2027)" made it clear that by 2027, the new energy rate of medium and heavy commercial vehicles in Sichuan Province will exceed 10%, especially pointing out that in the field of urban muck vehicles, it is necessary to achieve full electrification as soon as possible.
Fourth, the particularity of the application scenario, it is more convenient to promote the application of new energy dump trucks.
Urban muck dump trucks are mostly used in large-scale, centralized, and relatively fixed transportation routes, and the transportation distance is generally within 200 kilometers. At the same time, there are many service stations in the urban area, and it is also convenient for the vehicle maintenance of new energy dump trucks. That is to say, the special application scenario has objectively created more convenient conditions for the promotion and application of new energy dump trucks.
Fifth, the supply-side products are complete and the technical force is strong, which provides a strong guarantee for users to promote the application of new energy dump trucks.
At present, mainstream car companies can provide rich product resources to end users in terms of new energy dump truck products, which provides strong support and guarantee for the market penetration of new energy dump trucks and the highest models of innovative energy heavy trucks.
For example, in the Chengdu market mentioned above, more than 800 new energy dump trucks were licensed in the first quarter of this year. Further research found that among the more than 800 new energy dump trucks, the main products are China National Heavy Duty Truck and FAW Jiefang. According to statistics, the top 3 hot-selling new energy dump truck models in Chengdu in the first quarter of 2024 are:
The first is the ZZ3313V3561Z1BEV of pure electric dump trucks provided by China National Heavy Duty Truck, with a total of 251 units sold, accounting for 31.14% of the market; the second is the ZZ3317V326GZ1BEV61 of pure electric dump trucks provided by China National Heavy Duty Truck, with a total of 206 sales, accounting for 25.6% of the market; The third is the CA3310P66L4T4BEVA7 of battery-swapping dump trucks provided by FAW Jiefang, with a total of 77 units sold, accounting for 9.6% of the market.
The sales volume of the above-mentioned TOP3 new energy dump truck cumulative models accounts for nearly 7% of the total sales of new energy dump trucks in Chengdu.
Today, the mainland heavy truck industry has the strongest technical force, product strength and service guarantee are undoubtedly the "giants" of heavy trucks such as China National Heavy Duty Truck and FAW Jiefang, which provide strong support for Chengdu users to buy new energy dump trucks with confidence.
Sixth, the scale of the dump truck itself is not large, and the penetration rate of new energy dump trucks is easier to improve.
Among the various subdivisions of heavy trucks, dump trucks are relatively small compared with tractors and trucks, and their penetration rate is easier to improve than that of new energy tractors and trucks.
It is the superposition of the above-mentioned positive factors that leads to the current market penetration rate of new energy dump trucks to hit the highest among all models of new energy heavy trucks. In the future, with the continuous promotion of the "double carbon" strategy and the strict implementation of environmental protection policies in various cities, the market penetration rate of new energy dump trucks in mainland China is expected to be further improved, or it will become the "leader" to further accelerate the electrification of the heavy truck industry in mainland China!