China's Heavy-Duty Truck Market's Path to 2030 and Beyond
🇨🇳 China's Heavy-Duty Truck Market's Path to 2030 and Beyond.
Over the past decade, China's heavy-duty truck (HDT) market experienced significant growth but saw a decline in sales from 1.6 million vehicles in 2020 to 700,000 in 2022. However, the Chinese HDT industry is expected to rebound and remain prominent in the commercial market. The future of the industry in 2030 and beyond will be shaped by four key trends: premiumization, electrification, autonomous driving, and a shift toward solutions and services. These trends will focus on improving HDT reliability, incorporating electric vehicles, adopting autonomous driving technology, and leveraging data-driven solutions in the industry.