By 2028, China’s heavy truck sales could reach 50 %, up from 10 % in 2024, according to a media report released on Sunday ( May 18 ).
The comments made by Zeng Yuqun at a launch of a heavy-truck battery-swapping operation and published by the Shanghai government-affiliated information website Jiemian suggest more declines in energy demand in the trucking industry, which is already suffering from China’s rising LNG truck traffic.
A 60 gigawatt-hour power storage and EV cell production facility in Shandong, CATL’s primary such facility in northwestern China, was announced on Saturday.
In the coming two years, a second and third phase of the project may be added, creating a device cluster for the region’s energy industry worth billions of yuan, according to CATL, who posted a message on the Twitter social media app.
According to a local government notice from last year, Shandong is aiming to establish a 100 billion yuan ( US$ 14 billion ) lithium battery business by this year that includes cathode materials, potassium, battery cells, and legislature.