第一商用车网发文称，2026年首月，国内天然气重卡实销1.1万辆，同比增长43%，收获"开门红"。从市 场份额看，1月份天然气重卡市场有5家企业份额超过10%，其中排名前2位的解放(000800.SZ)、重汽 (000951.SZ)份额均超过20%，分别达到27.6%和23.2%。 由最近五年国内天然气重卡终端销量月度走势图可见，天然气重卡历年1月份销量都不算高，在2026年 之前均未超过1万辆，1.1万辆的销量不仅是近五年最高，也是史上最佳1月份。不过客观地看，虽然 2026年天然气重卡市场以史上最高1月份实现"开门红"，但连增势头继续的难度将非常大。 1月份，重卡市场整体实销4.84万辆，同比增长44%，天然气重卡1月份同比增长43%，增幅略低于重卡 市场整体增速。1月份，天然气重卡1.1万辆的销量在重卡终端实销中占到22.65%的份额，较上月 (14.90%)提升接近8个百分点(如上图)，较2025年全年占比(24.83%%)则小幅下滑。 从终端销售区域来看，2026年1月份，全国31个省级行政区都有天然气重卡挂牌上路，区域分布仍呈现 出极不均衡的状态，河北、山东、四川、宁夏、河南、新疆排名2026年1 ...

Core Viewpoint - The natural gas heavy truck market in China has shown significant growth in September and October 2025, with year-on-year increases of 149% and 138% respectively, indicating a strong performance during the peak season. However, questions remain about whether this momentum will continue into December and what changes may occur in the industry landscape as the year concludes [1]. Sales Performance - In November 2025, the actual sales of natural gas heavy trucks reached 19,400 units, representing a month-on-month decrease of 8% but a year-on-year increase of 71%. This marks the fourth consecutive month of year-on-year growth [3][15]. - The overall heavy truck market saw total sales of 76,700 units in November, with natural gas heavy trucks outperforming the overall market growth for the fifth time this year, achieving a 71% year-on-year increase [7]. Monthly Trends - The monthly sales data for natural gas heavy trucks over the past five years shows that January and February 2025 had the highest sales figures compared to previous years. However, from March to July, sales were the second highest in five years, and November recorded the highest sales for the year [5]. Market Share and Competition - In November, natural gas heavy trucks accounted for 25.26% of total heavy truck sales, a decrease from 30.09% in October. The cumulative market share for January to November 2025 was 26.00%, lower than the previous year's 31.64% [7][21]. - Five companies sold over 1,000 units in November, with Jiefang leading at 5,449 units, followed by China National Heavy Duty Truck at 4,494 units. Other notable competitors included Dongfeng, Foton, and Shaanxi Automobile, all exceeding 2,500 units [17][18]. Price Influence - Natural gas prices fluctuated throughout 2025, with average prices around 4,400 RMB/ton in January and February, peaking near 4,600 RMB/ton in March and April, and then declining to below 4,200 RMB/ton by August. In November, prices rose above 4,350 RMB/ton, but this had little stimulating effect on sales [11]. Regional Sales Distribution - Sales of natural gas heavy trucks were distributed unevenly across regions, with Hebei, Shandong, Henan, and Shanxi being the top four provinces in terms of sales volume. Hebei alone accounted for 14.7% of total sales from January to November 2025 [11][13]. Year-to-Date Performance - Cumulatively, from January to November 2025, natural gas heavy truck sales reached 186,100 units, reflecting a year-on-year growth of 10%. This growth is attributed to several provinces experiencing increased sales, while others saw declines [23][26]. Conclusion - The natural gas heavy truck market has rebounded after a period of decline, with a strong performance in the latter part of 2025. The potential for total sales to exceed 200,000 units this year remains high, indicating a promising outlook for the market [28].

Core Viewpoint - The natural gas heavy truck market in China has shown significant growth, with a year-on-year increase of 138% in October 2025, marking the third consecutive month of growth after a period of decline earlier in the year [1][3][32]. Sales Performance - In October 2025, the domestic sales of natural gas heavy trucks reached 21,100 units, a decrease of 10% compared to September but a substantial increase of 138% year-on-year [3][6]. - The overall heavy truck market sold 70,100 units in October, with natural gas heavy trucks outperforming the market growth rate for the fourth time this year [8][20]. - The market share of natural gas heavy trucks in October was 30.09%, up from 28.12% in September, marking a return to over 30% for the first time in six months [8][23]. Market Trends - The cumulative sales of natural gas heavy trucks from January to October 2025 reached 166,800 units, reflecting a 6% year-on-year increase [25][30]. - The sales performance of major manufacturers varied, with some companies experiencing significant growth while others faced declines [20][28]. Price Influence - Natural gas prices remained relatively stable throughout 2025, with fluctuations observed in the first half of the year. Prices began to rise significantly in late October [11][32]. Regional Distribution - The sales of natural gas heavy trucks were concentrated in resource-rich provinces such as Hebei, Shandong, Henan, and Shanxi, with Hebei accounting for 15% of total sales [11][12]. Manufacturer Performance - In October 2025, the top five manufacturers sold over 1,000 units each, with Jiefang leading at 5,829 units, followed by China National Heavy Duty Truck at 4,672 units [17][20]. - The market share of Jiefang and China National Heavy Duty Truck exceeded 20%, while other manufacturers like Dongfeng, Shaanxi Automobile, and Foton also maintained significant shares [23][30].

Core Viewpoint - The natural gas heavy truck market in China experienced a decline for five consecutive months from March to July 2025, with an average year-on-year decline of 27%. However, in August, the market saw a recovery with a year-on-year growth of 36% [1][2][33]. Sales Performance - In August 2025, the domestic sales of natural gas heavy trucks reached 16,700 units, marking a 19% increase from July and a 36% increase year-on-year, ending a five-month streak of decline [2][5][16]. - The overall heavy truck market sold 66,800 units in August, showing a year-on-year growth of 66%, while the natural gas heavy truck segment continued to lag behind the overall market growth for the sixth consecutive month [7][21]. Market Share and Competition - In August, natural gas heavy trucks accounted for 25.02% of the total heavy truck sales, an increase from 21.77% in July. However, this share is lower than the 29.58% for the entire year of 2024 and 35.84% for the same period last year [7][24]. - The top five companies in the natural gas heavy truck market sold over 1,000 units each in August, with Jiefang leading at 4,485 units, followed by China National Heavy Duty Truck at 3,761 units [18][21]. Regional Sales Distribution - From January to August 2025, all 31 provincial-level administrative regions in China registered natural gas heavy trucks, but the distribution remains uneven. Hebei, Shandong, Henan, and Shanxi are the top four provinces in terms of sales volume [12][14]. - Notably, regions like Xinjiang, Sichuan, and Ningxia also showed significant sales, each exceeding 7,000 units [12]. Price Influence - The average natural gas price in 2025 remained relatively stable, with fluctuations observed from March to July. By August, the price dropped to below 4,200 yuan per ton, which positively impacted the natural gas heavy truck market [10]. Year-to-Date Performance - Cumulatively, from January to August 2025, natural gas heavy truck sales totaled 122,200 units, reflecting a year-on-year decline of 12%. This decline has narrowed by 5 percentage points compared to the previous month [26][31]. - The market share of leading companies such as Jiefang and China National Heavy Duty Truck remains strong, with shares of 28.05% and 21.20% respectively [27][31].