Half of China's heavy truck sales could be EVs by 2028, CATL says

China's heavy truck market maybe 50% electric by 2028: CATL chief

Robert Besser
20 May 2025, 20:48 GMT+10

Half of China's heavy truck sales could be EVs by 2028, CATL says

China’s sales of heavy trucks could be dominated by electric vehicles by 2028, with battery-powered models potentially making up half of all sales, up from just 10 percent in 2024, according to CATL chairman Zeng Yuqun
Speaking at a battery-swapping launch event, Zeng’s remarks, reported by Shanghai’s Jiemian news site, indicate a significant shift that could further reduce fuel demand in the country’s trucking sector, which is already seeing an increase in LNG-powered trucks
CATL, a leading battery manufacturer, announced over the weekend that it had begun operations at a 60 gigawatt-hour energy storage and electric vehicle (EV) battery manufacturing base in Shandong, its first major facility in northern China

BEIJING, China: China's sales of heavy trucks could be dominated by electric vehicles by 2028, with battery-powered models potentially making up half of all sales, up from just 10 percent in 2024, according to CATL chairman Zeng Yuqun.

Speaking at a battery-swapping launch event, Zeng's remarks, reported by Shanghai's Jiemian news site, indicate a significant shift that could further reduce fuel demand in the country's trucking sector, which is already seeing an increase in LNG-powered trucks.

CATL, a leading battery manufacturer, announced over the weekend that it had begun operations at a 60 gigawatt-hour energy storage and electric vehicle (EV) battery manufacturing base in Shandong, its first major facility in northern China. The project will expand with a second and third phase over the next two years, forming a large-scale battery cluster in the region, the company said in a WeChat post.

Shandong is positioning itself as a key player in China's EV battery supply chain, aiming to build a 100 billion yuan (US$14 billion) lithium battery industry by the end of the year. The initiative includes the production of electrode materials, electrolytes, battery cells, and assembly, according to a notice issued by the local government last year.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Breaking Property News.

More Information

null in null

Business

Section

China's heavy truck market maybe 50% electric by 2028: CATL chief

BEIJING, China: China's sales of heavy trucks could be dominated by electric vehicles by 2028, with battery-powered models potentially...

Apple blocks Fortnite on iPhones in US, Epic Games says

Apple blocks access to video game Fortnite in US, EU, Epic Games says

STOCKHOLM, Sweden: Apple has blocked access to the popular video game Fortnite on iPhones in the United States and through Epic Games'...

Wall Street falters as America's credit rating is downgraded

Moody's AAA rating downgrade dents U.S. stock markets, dollar, bonds

NEW YORK, New York - U.S. stocks struggled on Monday as a further downgrading of U.S. debt by Moody's sent the dollar sliding and Treasury...

Richemont sales up 7% on strong jewelry demand

Cartier owner Richemont beats expectations as jewelry shines

PARIS, France: Richemont, the owner of luxury brands Cartier and Van Cleef & Arpels, posted a stronger-than-expected seven percent...

Japan’s economy shrinks, first contraction in a year

Japan's economy shrinks more than expected as US tariff hit looms

TOKYO, Japan: Japan's economy contracted for the first time in a year, shrinking at a faster pace than expected in the first quarter...

Summer could strain power supply in US, Canada, grid operator warns

Middle swath of North America at risk of power shortfalls this summer

WASHINGTON, D.C.: Parts of the U.S. and Canada may not have enough electricity this summer if hot weather causes more people to use...

Construction

Section

China's heavy truck market maybe 50% electric by 2028: CATL chief

Watch latest videos

News RELEASES

Business

China's heavy truck market maybe 50% electric by 2028: CATL chief

Apple blocks Fortnite on iPhones in US, Epic Games says

Wall Street falters as America's credit rating is downgraded

Richemont sales up 7% on strong jewelry demand

Japan’s economy shrinks, first contraction in a year

Summer could strain power supply in US, Canada, grid operator warns

Construction

Economic Watch: U.S. credit rating downgrade adds downward pressure to economy

Why this Labor term may not see sufficient housing reform

Feature: U.S. homebuilders feel tariffs pain as costs keep rising

DOJ offers $51M in FY25 COPS grants to fight heroin, opioid and meth trafficking

Alabama law expands police immunity, clarifies use-of-force

N.J. to award $600K in grants for 'Click it or Ticket' enforcement programs statewide

Movie Review

Romeo and Juliet [Blu-Ray]