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

A booth for Chinese EV battery manufacturer CATL at the Beijing International Automotive Exhibition on Apr 25, 2024. (File photo: Reuters/Tingshu Wang)

Half of China's sales of heavy trucks could be electric vehicles by 2028, up from 10 per cent in 2024, the chairman of battery maker CATL said on Sunday (May 18), according to a media report.

By 2028, electric heavy trucks China 2028 sales could reach 50%, up from 10% in 2024, driven by China heavy truck EV sales growth and supported by CATL’s new 60 GWh battery plant in Shandong, advancing the lithium battery industry China.


The comments by Zeng Yuqun, made at a heavy-truck battery-swapping launch and reported by the Shanghai government-affiliated news site Jiemian, suggest further headwinds for

Read More : An Astonishing Solid-State Battery May Let EVs Recharge as Fast as Refueling In Just 2 Years
fuel demand in the trucking sector, already hit by the rise of LNG trucks in China. CATL announced on Saturday it had put a 60 gigawatt-hour energy storage and EV battery manufacturing base into production in Shandong, its first such facility in northern China.

A second and third phase of the project will be added in the next two years, forming an energy industry battery cluster worth billions of yuan in the region, CATL posted on the WeChat social media app.

Shandong is aiming to build a 100 billion yuan (US$14 billion) lithium battery industry by this year, encompassing electrode materials, electrolytes, battery cells and assembly, a local government notice last year showed.

Source: https://www.channelnewsasia.com

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