2025年的最后一个月，重卡行业呈现出终端零售和批发销量双双收窄的态势。其销量，究 竟会定格在多少？2025年全年累计销量突破110万辆了吗？2026年的走势，到底会如何？ 请看第一商用车网带来的分析报道。 12月重卡销量同比上涨13%，全年累计超113万辆 2019-2025年我国重卡市场销量月度走势图（单位：辆） 2025年12月，重卡市场同比增速明显收窄。 根据第一商用车网初步掌握的数据，2025年12月份，我国重卡市场共计销售9.5万辆左右 （批发口径，包含出口和新能源），环比2025年11月下降约16%，比上年同期的8.42万 辆增长约13%。纵观2025年全年，我国重卡市场实现了九连涨，从4月份一直涨到12月 份，平均增速高达41%！ 9.5万辆放在最近八年来看，属于"中上水平"，低于2020年12月的11万辆，略高于2019 年12月销量。累计来看，2025年全年，我国重卡市场总销量达成了最近四年来的新高—— 113.7万辆，同比增长约26%。 2015-2025年我国重卡行业销量年度走势图（单位：万辆） 2025年12月，我国重卡行业批发销量同比增长约13%，国内终端销量情况又是如何的呢？ 同 ...

12月25日，以"共建兆瓦超充生态，共赢全电物流机遇"为主题的扬州绿杨水泥兆瓦超充现场会在扬州市邗江区成功举办。大会由华为数字能源和扬州绿杨 水泥发展有限公司联合举办，汇聚政府相关部门、行业专家、物流企业、产业链上下游伙伴企业专家代表及媒体，共同见证江苏重卡超充生态建设的重要 进展，共商物流行业绿色转型发展趋势，助力扬州迈入全电物流新时代。 扬州绿杨水泥发展有限公司董事长张正喜介绍，绿杨水泥兆瓦超充站设计电力容量4800kVA，配置5套720kW液冷主机及4套1.44MW兆瓦超充终端、2套 480kW液冷主机及4套风冷终端。场站自规划至落成，始终坚守"品质为先、安全至上"的核心原则。华为兆瓦超充设备精准捕捉车辆装载与补能的耗时痛 点，有效缩短了司机充电等待时间，极大提升了企业经济性，是运输行业可传播复制的标杆案例。 扬州绿杨水泥兆瓦超充站正式上线 当前，新能源重卡产业步入高质量发展新阶段，政策引导与市场需求形成合力，双轮驱动，推动行业渗透率实现快速增长。华为智能充电网络领域总裁王 志武在大会致辞中表示，重卡物流电动化是一场重大的产业变革，推进重卡电动化，既是降低物流成本的经济选择，也是实现"双碳"目标的必然路 ...

Core Viewpoint - The article discusses the transformative impact of Huawei's megawatt ultra-fast charging technology on the logistics industry, emphasizing a shift from "hour-level" to "15-minute-level" charging, which enhances operational efficiency and supports the transition to an all-electric logistics era [2][4]. Group 1: Charging Technology Impact - Huawei's megawatt ultra-fast charging technology achieves a continuous output of 2400A, enabling a charging speed that allows for significant efficiency improvements in logistics operations, with an increase of over 15% [4]. - The technology boasts a stability rate of over 99%, alleviating charging anxiety for drivers and facilitating seamless energy replenishment [7][4]. - The implementation of this technology is pivotal in constructing a modern logistics system that emphasizes green and low-carbon upgrades [4][11]. Group 2: Strategic Collaborations and Developments - Shandong Jinxiu Digital Energy Technology Co., Ltd. is collaborating with Huawei to build a comprehensive green intelligent charging network in Linyi, integrating vehicle, energy, and road systems to promote high-quality development in transportation and energy [8][11]. - Huawei has established a network of megawatt ultra-fast charging stations in cities like Linyi and Shenzhen, and is expanding this network across provinces such as Guangdong, Yunnan, Shandong, and Shanxi, facilitating the electrification of heavy-duty trucks [11][4]. - The initiative aims to transition electric heavy-duty trucks from closed environments to open scenarios, expanding their application from bulk commodity transport to express delivery services [11].

如果问当前新能源汽车产品最受关注的技术之一，超快充绝对是其中的热点。它不仅是缓解 用户里程焦虑的关键，更是推动电动化普及的核心引擎。然而，与乘用车领域相比，超快充 对于商用车、尤其是肩负国民经济动脉重任的重卡物流行业而言，意义更为深远和颠覆。它 不仅仅是简单的"补能加速"，更是彻底重塑物流运营效率、成本结构与低碳模式的关键支 点。 在此背景下，以超快充为核心的重卡电动化路径逐渐清晰。其中，华为数字能源今年推出的 兆瓦超充技术，正以其领先的生态与技术实力，携手行业伙伴共同推动商用车补能体系迈向 高效、绿色、智能的新阶段。 兆瓦超充重卡持续上量 超充联盟2.0 驱动产业协同进化 随着新能源重卡近年来的爆发式增长，电动重卡渗透率已越过20%拐点。不过，现阶段重 卡电动化的普及仍然依赖单一技术或爆款产品，产业链缺乏协同进化与标准统一。在华为看 来，共建生态正是破解充电设施与车辆匹配难、标准不一、场景割裂等核心瓶颈的关键。因 此，华为在2025年4月携手产业上下游伙伴，共同打造了"超充联盟2.0"——它超越了简单 的产业上下游关系，构建了一个开放、合作、共赢的超充生态圈，共同解决充电接口协议匹 配，共同定义商用车超充标 ...

Core Insights - China is rapidly transitioning from diesel to electric heavy-duty trucks, which may reshape global fuel demand and the heavy-duty transportation industry [1][2] - The penetration rate of new energy heavy-duty trucks in China is projected to reach 22.34% by mid-2025, up from 9.21% in the same period last year [1] - Electric heavy-duty trucks are expected to account for nearly 46% of new heavy-duty truck sales this year, rising to 60% next year according to BMI [1] Group 1: Market Trends - The sales proportion of new energy heavy-duty trucks in China has exceeded that of gas heavy-duty trucks for five consecutive months starting from May 2025 [2] - Despite electric heavy-duty trucks being two to three times the price of diesel trucks and about 18% more than gas trucks, their higher energy efficiency and lower operating costs can save owners 10% to 26% over the vehicle's lifecycle [2] - The use of electric heavy-duty trucks is estimated to reduce China's oil demand by one million barrels per day [2] Group 2: Export Opportunities - China has become the world's largest passenger car exporter and is now focusing on the global electric heavy-duty truck market [2] - Exports of heavy-duty trucks (including electric ones) from China to the Middle East, North Africa, and Latin America are projected to grow by approximately 73% and 46% annually from 2021 to 2023, respectively [2]

Core Insights - China is rapidly transitioning from diesel heavy trucks to electric heavy trucks, which may reshape global fuel demand and the heavy truck transportation industry [1][2] - The penetration rate of new energy heavy trucks in China is projected to reach 22.34% by mid-2025, up from 9.21% in the first half of the previous year [1] - Electric heavy trucks are expected to account for nearly 46% of new heavy truck sales this year, rising to 60% next year according to BMI [1] Industry Impact - Heavy trucks are crucial for the modern economy but are also significant sources of carbon emissions, with road freight accounting for one-third of total transport sector emissions in 2019 [1] - The transition to electric heavy trucks is seen as a challenge due to their lower payload capacity compared to diesel trucks, but supporters of liquefied natural gas (LNG) argue that gas trucks are a cleaner alternative until electric technology matures [1] - Analysts suggest that China's diesel consumption may decline faster than expected, as electric heavy trucks are currently more popular than gas trucks in the market [1] Market Dynamics - As of May 2025, the sales share of new energy heavy trucks in China has surpassed that of gas trucks for five consecutive months [2] - Despite electric heavy trucks being two to three times more expensive than diesel trucks and about 18% more than gas trucks, their higher energy efficiency and lower operating costs could save owners 10% to 26% over the vehicle's lifecycle [2] - The use of electric heavy trucks is estimated to reduce China's oil demand by one million barrels per day [2] - China has become the largest passenger car exporter and is now focusing on the global electric heavy truck market, with exports to the Middle East, North Africa, and Latin America growing approximately 73% and 46% annually from 2021 to 2023 [2]

Core Viewpoint - The company has made significant progress in the electric heavy truck sector through collaborations with original equipment manufacturers (OEMs) and has launched corresponding battery products and solutions [2]. Group 1 - The company has engaged in partnerships with OEMs to advance in the electric heavy truck market [2]. - The company has developed and introduced battery products and solutions tailored for the electric heavy truck sector [2].

Group 1 - The core viewpoint of the article emphasizes that the electric heavy truck market in China is experiencing rapid growth driven by the trade-in policy, with significant increases in sales and market penetration expected in the coming years [1][2] - In 2024, China's electric heavy truck market is projected to achieve sales of 82,100 units, representing a substantial year-on-year growth of 140%, with a penetration rate of 13.61%, which has doubled compared to the previous year [1] - By the first three quarters of 2025, cumulative sales of electric heavy trucks in China reached 137,800 units, a year-on-year increase of 184%, surpassing the total sales for 2024, with a further increase in penetration rate to 24.21% [1] Group 2 - In Europe, the electric heavy truck market is accelerating due to stricter carbon emission regulations and the implementation of policies like AFIR, with electric heavy truck sales exceeding 3,000 units in 2023, a threefold increase year-on-year, and a penetration rate surpassing 1% [2] - The sales of electric heavy trucks in Europe are expected to reach 4,291 units in 2024 and 2,410 units in the first half of 2025, with year-on-year growth rates of 35% and 13% respectively, and penetration rates increasing to 1.4% and 1.6% [2] - In the United States, the current level of electric heavy truck adoption is low, with a penetration rate of less than 1%, but growth is beginning to emerge due to policies like the Clean Heavy-Duty Vehicle Grant Program, with projected sales of 1,103 electric heavy trucks in 2024, a 34% increase year-on-year [2]

Investment Rating - The report assigns an "Overweight" rating for the electric heavy truck market [4]. Core Insights - The electric heavy truck market in China is experiencing rapid growth driven by the vehicle replacement policy, with a significant increase in penetration rates. The market is expected to continue expanding due to economic and environmental advantages [7][14]. - In Europe, stricter carbon emission regulations and supportive policies are accelerating the electrification of heavy trucks, with notable growth in sales and penetration rates [16][19]. - The U.S. market currently has a low level of electrification for heavy trucks, but growth is beginning to emerge due to government incentives [35]. Summary by Sections Investment Recommendations - The report highlights that the electric heavy truck market in China is set for explosive growth, benefiting the lithium battery industry and key material companies. Recommended stocks include CATL, BYD, Guoxuan High-Tech, Yiwei Lithium Energy, and others [7][8]. Electric Heavy Trucks: Policy Support and Economic Viability - Electric heavy trucks are gaining traction due to their zero emissions, low noise, and efficiency, making them increasingly popular among logistics and transportation companies. The comprehensive cost of electric trucks is becoming competitive compared to traditional fuel trucks, especially with government subsidies [9][13]. China: Growth Driven by Replacement Policies - In 2024, China's electric heavy truck sales reached 82,100 units, a 140% year-on-year increase, with penetration rates doubling to 13.61%. By 2025, sales continued to rise, with a total of 137,800 units sold in the first three quarters, marking a 184% increase [14]. Europe: Accelerated Electrification Due to Emission Regulations - The European market saw electric heavy truck sales exceed 3,000 units in 2023, a threefold increase from the previous year, with penetration rates surpassing 1%. The growth is supported by stringent emission regulations and the introduction of new models [19][27]. United States: Low Current Electrification Level - The U.S. electric heavy truck market remains at a low penetration rate of less than 1%. However, sales are projected to reach 1,103 units in 2024, a 34% increase from the previous year, driven by clean vehicle subsidy programs [35].

Core Viewpoint - The collaboration between Sinopec and CATL marks a significant advancement in the operation of the first next-generation heavy-duty truck battery swapping station in China, enhancing the electric vehicle infrastructure for freight transport [1] Group 1: Project Overview - The battery swapping station is located at the Fujian Petroleum Fuqing Jinghong Charging Station and has officially commenced operations [1] - This project utilizes CATL's latest battery swapping system, which offers the lowest lifecycle cost per ton-kilometer and the highest safety performance in the industry [1] Group 2: Operational Impact - Once fully operational, the station is expected to serve 30 to 40 heavy-duty truck battery swaps daily, significantly reducing the time required for each swap [1] - The initiative is set to enhance the operational efficiency of freight vehicles, providing a strong impetus for the electrification of the heavy-duty truck sector [1]