New energy truck acceleration puts LNG truck industry chain under long-term pressure

On June 12, 2026, 11 Chinese ministries jointly issued a policy explicitly excluding LNG-powered trucks from the new energy vehicle support scheme, redirecting all incentives to electric and hydrogen fuel-cell trucks. In May 2026, new energy truck sales hit 30,800 units (+104% YoY, 40% penetration), while LNG truck sales are estimated to have plunged over 55% MoM to roughly 20% penetration.

In the June 12 policy, 11 Chinese ministries defined new energy trucks as electric and hydrogen-powered models, excluding LNG trucks from the support framework. This has accelerated the power shift in the heavy truck market. In May 2026, China's new energy truck sales reached 30,800 units, up 104% year-on-year,