China IV/V truck retirement and high fuel prices propel new energy heavy trucks into golden era

Source: Mysteel Jul 06, 2026 17:04

China's heavy-duty truck sales reached 115,000 units in June, up 18% YoY, hitting a five-year high for the month. New energy heavy-duty trucks were sold 32,500 units (+80.56% YoY), while LNG trucks were sold only 12,000 units (-11.45% YoY). The accelerated phase-out of China IV and V trucks has prompted replacement demand, and combined with high oil/gas prices and policy subsidies, new energy heavy-duty trucks have reached an inflection point toward rapid growth.

China's heavy-duty truck market delivered a strong performance in June, with sales reaching 115,000 units, up about 5% month-on-month and 18% year-on-year, hitting a five-year high for June sales. The key driver was the accelerated phase-out of China IV and V trucks prompting replacement demand, which in turn boosted

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