Jing Ji Guan Cha Wang·2025-11-12 12:31Core Viewpoint - The future of the heavy-duty truck industry lies not merely in the transition from 'oil' to 'electric' but in the comprehensive construction of an EVRT ecosystem that integrates 'pure electric head-mounted trains + operational support stations' [1][4] Industry Trends - The number of new energy commercial vehicles at the 2025 China International Commercial Vehicle Exhibition significantly exceeded that of fuel vehicles, indicating a shift towards new energy as a dominant theme [1] - From January to September this year, China's commercial vehicle sales reached 3.117 million units, a year-on-year increase of 7.8%, with new energy commercial vehicle sales reaching 566,000 units, up 61.4% year-on-year [1] Factors Driving Growth - The increase in new energy commercial vehicle penetration is attributed to three main factors: 1. Subsidy policies favoring new energy vehicles, with updates providing 40%-75% higher subsidies compared to fuel or natural gas vehicles [1] 2. Decreased prices and flexible marketing strategies from manufacturers, leading to a significant reduction in the price gap between new energy and fuel vehicles [1] 3. Changes in the supply-demand relationship in the transportation market, where the comprehensive benefits of electric vehicles in suitable scenarios have become more apparent [1] Systemic Challenges - The industry faces three systemic challenges: 1. Technical bottlenecks, homogenized competition, and cost issues, leading to a price war and limitations in energy efficiency, power, and safety due to fragmented system designs [3] 2. Insufficient support systems causing range anxiety and concerns over vehicle utilization rates, with inadequate charging infrastructure and a lack of coordination between charging networks and vehicle operation routes [3] 3. Unmet user lifecycle value demands, with traditional sales models failing to address the full lifecycle needs of customers and challenges in battery lifespan and asset residual value management [3] Proposed Solutions - To address these challenges, the industry must focus on an ecological revolution rather than merely adding technology, emphasizing the construction of an EVRT ecosystem based on total cost of ownership (TCO) and user experience [4]