Core Insights - The article discusses the impact of new policies on the sales of commercial vehicles, particularly focusing on the "old-for-new" vehicle replacement policy, which has led to a significant increase in heavy truck sales in China [11][12]. Policy and Regulations - The "old-for-new" vehicle replacement policy was implemented on March 18, 2025, by the Ministry of Transport and other departments, expanding the subsidy range and relaxing fuel restrictions [9]. - The policy has resulted in a year-on-year increase in heavy truck sales, with a notable 44.4% growth from March to June 2025 [11]. - However, some provinces like Shanxi and Hebei experienced a decline in sales due to local fiscal conditions and the efficiency of policy execution [12]. Market Insights - From January to June 2025, the cumulative installed capacity of commercial vehicle power batteries reached 51.4 GWh, a year-on-year increase of 126.2% [21]. - The market is characterized by high concentration, with the top five battery manufacturers holding 89.8% of the market share [30]. - The top three battery manufacturers, CATL, EVE, and Guoxuan High-Tech, have introduced innovative products targeting the heavy truck market, focusing on high energy density and fast charging capabilities [31]. Company Monitoring - SAIC Yujin launched two new energy light trucks, the Danna T2 and T3, aimed at logistics and urban distribution [33]. - Geely's remote hydrogen technology completed a third round of financing exceeding $200 million, focusing on product development and ecosystem construction [39]. - Beiqi Heavy Truck introduced the "Blue Dream" brand, emphasizing smart technology in logistics with new electric heavy trucks [41].