• time;2024-02-07 12:11:50

While natural gas is still in the annual high price range, the gas vehicle market experienced a surge in January 2024. According to exclusive data from the Truck E-family, the number of natural gas tractor terminals online in the market in January 2024 was 3621, a month on month increase of 89.73% and a year-on-year increase of 138.38%.

In the almost annually cold January market, the impressive performance of natural gas tractor trucks, which have more than doubled year-on-year, truly demonstrates the popularity of this market. Among the 6169 tractors launched in January, natural gas tractors contributed the strongest combat power with a high proportion of 58.6%.

Liberation won the championship by a large margin, highlighting the advantages of mainstream brands

In addition to exceeding expectations in market heat, the truck e-family also noticed a breakthrough in online analysis, occupying the top spot in sales of natural gas tractors for the month with a large proportion of 2101 terminals online. It is worth noting that Big Brother has broken the ice in Xizang, Hainan and other provinces, in addition to the northwest, where gas vehicles are the mainstream, and the northeast and north China, where gas vehicles are mainly sold. This wave of liberation is coming with great momentum and has indeed achieved certain results in various regions, with significant month on month and year-on-year growth.

Two, three, and four are also old acquaintances in the gas vehicle market, including China National Heavy Duty Truck Group, Shaanxi Heavy Duty Truck Group, and Dongfeng. The fifth place Beijing Heavy Truck is worth paying attention to. Last year, Beijing Heavy Truck launched new products in the fourth quarter and achieved a total of 54 units. At the beginning of this year, it has "super doubled" and its product strength is also highly recognized by the market.

It seems that each major engine manufacturer is bound to win the market share of gas vehicles, and the competition is fierce.

The northern region remains the main operator of gas vehicles

Due to the influence of market characteristics such as refueling and transportation, the main sales area of gas vehicles has always been in the north, first appearing in the coal transportation field in Shanxi. In 2023, due to the decrease in gas prices, gas tractors became popular. So far, through regional heat maps, it can be found that the entire North China, Central China, and Southwest regions have gradually become the main sales areas for natural gas tractors. Other provinces also have around 10-50 units online, which indirectly confirms the comprehensive popularity of the gas vehicle market.

Compared to October to December last year, the number of natural gas tractor terminals online in various provinces increased in January this year. Special attention should be paid to the Shandong region, as a major transportation province, where the number of gas vehicle terminals online has remained stable at over 300, mainly in sub sectors such as coal and greenways.

Gas vehicle fire, Weichai gas engine stands out

According to data from the E-family of trucks, among 3621 natural gas tractors in January, models equipped with Weichai gas engines accounted for 76.75%, followed by Xichai (Jiefang Power) and Cummins in second and third place respectively. It seems that Weichai still has a very high market recognition in the gas vehicle market, with the WP17NG opening the high horsepower market and the 10-15NG model being upgraded steadily.

The mainstream demand in the market is concentrated in the horsepower range of 480-500 and 520-580. Multi model and full power coverage are also the key factors for Weichai engines to win market reputation. Due to the increase in sales of Jiefang gas vehicles, the proportion of Jiefang Power has also increased in early 2024.

Overall, based on the data from the launch of gas tractor terminals in January 2024, the industry generally believes that the gas market in 2024 will indeed have a strong ability to surpass diesel vehicles. When spring arrives and flowers bloom, if natural gas prices fall to a low level as expected, it will inevitably push gas vehicles to the peak of the start-up and purchase season. Which brands can occupy an advantageous position in this competition? At the beginning of each month, the e-family of trucks will continue to provide industry first-hand terminal online analysis reports, and the front row will be watching!

Article source: Reprinted from Truck E-Clan