Core Viewpoint - The commercial vehicle market is entering a new phase of electrification, with significant growth potential and diverse application scenarios for new energy commercial vehicles [2][3]. Group 1: Market Overview - The electrification of commercial vehicles is gaining momentum, with various applications including freight transport, construction, logistics, and public transport [2]. - The penetration rate of electrification in commercial vehicle scenarios is still low, with most segments below 10%, except for urban buses which exceed 70% [2]. Group 2: Industry Growth - The sales of new energy commercial vehicles in China are projected to reach 532,000 units in 2024, representing a year-on-year growth of 28.9% [3]. - The battery installation capacity for new energy commercial vehicles is expected to reach 62.9 GWh in 2024, with a year-on-year growth rate of 110%, significantly outpacing the growth of pure electric and plug-in hybrid vehicles [3]. Group 3: Battery Technology - Lithium batteries have dominated the initial market for new energy commercial vehicles, but they cannot fully cover the diverse needs of the segment [3]. - Sodium batteries are emerging as a crucial supplement to lithium batteries, offering advantages such as fast charging, long lifespan, and good low-temperature performance, which can help reduce operational costs and improve efficiency [3][4]. Group 4: Company Spotlight - Zhongke Haina, a leading sodium battery company, is set to introduce a new sodium-ion battery solution for commercial vehicles, achieving significant breakthroughs in energy density, charging speed, cycle life, and low-temperature endurance [4].