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Half of China's heavy truck sales could be EVs by 2028, Chinese battery maker CATL says
- CATL's chairman Zeng Yuqun stated that half of China's heavy trucks sold could be electric by 2028, up from 10% in 2024.
- This projection follows CATL's launch of a battery-swapping initiative aimed at accelerating electrification in the heavy trucking sector amid declining traditional fuel demand.
- CATL has started operations at a manufacturing site in Shandong with an annual capacity of 60 GWh for batteries used in electric vehicles and energy storage, marking its debut facility in northern China as part of a multi-billion-yuan development plan.
- The lithium battery industry in Shandong targets 100 billion yuan by end of 2024, covering the entire battery supply chain, including materials and assembly.
- CATL's efforts, combined with local government initiatives to develop clean transportation infrastructure, indicate a swift shift toward electrification in China's heavy trucking industry.
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Investing.comHalf of China’s heavy truck sales could be EVs by 2028, CATL says
By Colleen Howe BEIJING (Reuters) -Half of China's sales of heavy trucks could be electric vehicles by 2028, up from 10% in 2024, the chairman of battery maker CATL said on Sunday, according to a media report. The comments by Zeng Yuqun, made at a heav...
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