Zheng Quan Ri Bao Wang·2025-10-28 11:46Core Viewpoint - The natural gas heavy truck market is experiencing a strong recovery after five months of declining sales, with significant growth in September 2023, indicating a positive trend for the industry [1][2]. Market Recovery - In September 2023, domestic natural gas heavy truck sales reached 23,400 units, a month-on-month increase of 40% and a year-on-year increase of 149% [1]. - The cumulative sales of natural gas heavy trucks from January to September 2025 were 145,700 units, showing a slight year-on-year decline of 2%, but September's sales increased by nearly 150% year-on-year [2]. - Key markets for natural gas vehicles include Hebei, Shandong, Henan, and Shanxi, with significant sales growth in regions like Xinjiang and Sichuan [2]. Policy Support - The recovery of the natural gas power market is significantly driven by policy incentives, including subsidies for natural gas vehicles introduced in March 2023 [2]. - The average gas price in September 2025 dropped to 4,050 yuan per ton, a nearly 10% decrease from the beginning of the year, enhancing the economic viability of natural gas heavy trucks [2]. - The combination of favorable policies and lower gas prices is facilitating the rapid replacement of diesel trucks in economically sensitive logistics markets [2]. Technological Advancements - The market's perception of gas engines as having "weak power and poor reliability" is changing due to continuous technological advancements by leading companies like Weichai Power [3]. - Weichai's NG4.0 gas engine features advanced technologies that significantly improve combustion efficiency, power output, and reliability, with a maximum power of 720 horsepower [3][4]. - The manufacturing capabilities of Weichai Power have been upgraded with intelligent production lines, achieving high precision and automation, which enhances production efficiency [4]. Future Outlook - The natural gas engine market is expected to grow as it is recognized as a transitional clean energy source, with ongoing technological breakthroughs necessary for long-term viability [2][4]. - Weichai Power is not only focusing on natural gas products but is also developing hydrogen internal combustion engines, ammonia engines, and methanol engines, preparing for future energy transitions [4].