From January to October 2022, the sales volume of new energy heavy trucks in the domestic market will reach 17000 units, a year-on-year increase of 204%, more than 6500 units more than the annual sales volume last year. From the perspective of model segments, the new energy dump truck accounted for 23.61%, an increase of 6.02 percentage points over the same period last year. The growth of dump truck's share in the new energy heavy truck market was only second to that of tractor (the share of tractor increased by 6.79% over the same period last year); In 2021, the sales of new energy dump trucks in heavy dump truck terminals will account for only 0.87%. From January to October this year, the proportion will reach 10.03%, nearly 6 percentage points higher than the proportion of new energy in the whole heavy truck market (4.2%).
This is because the heavy dump truck, which is responsible for infrastructure transportation, muck transportation and mineral transportation, has made rapid progress in new energy under the national "dual carbon" strategy. In many cities across the country, new energy dump trucks of different brands are increasingly being added to urban construction, playing the same important role as fuel dump trucks.
Accumulated actual sales of 4010 vehicles from January to October increased by 308% year on year
According to the terminal sales data (traffic insurance coverage, excluding exports and military vehicles), in October, 1716 new energy heavy trucks were sold in China, up 34% year on year, including 457 new energy dump trucks, up 5% month on month and 118% year on year; From January to October 2022, 4010 new energy dump trucks were sold, a year-on-year increase of 308%. Different from the overall trend of the new energy heavy truck market, the year-on-year growth rate of the new energy dump truck market in October was larger than that in September, reaching 100% growth rate again. By October 2022, the continuous growth momentum of the new energy dump truck market since last June has expanded to "17 consecutive increases". From January to October this year, the terminal sales of 4010 new energy dump trucks accounted for 23.61% of the whole new energy heavy truck market, 6.02 percentage points higher than the same period last year (17.58%).
It can be seen from the above figure that the new energy dump truck market has been growing all the way since June last year, and has created the highest monthly sales volume of 822 vehicles in December 2021. However, this record was soon refreshed in January this year. The sales volume of 839 vehicles in January this year was the highest monthly sales volume in the new energy dump truck market in the past three years. In the following months, the new energy dump truck market has always maintained a year-on-year surge in growth, and the monthly sales volume has fluctuated. In terms of figures, from January to October of this year, the new energy dump truck market has achieved substantial growth, largely because of the low base in the same period last year. However, from another perspective, the average monthly sales volume of new energy dump trucks in the market from January to October this year was about 400 vehicles, significantly higher than the level of about 300 vehicles in the second half of last year. Considering that the terminal demand of the heavy truck market this year was weak, the project commencement was less than expected, the demand for dump trucks decreased significantly, and the epidemic situation broke out repeatedly in many places, which had a significant impact on the production, sales, licensing and other links of new energy heavy trucks, Therefore, this improvement is still very valuable, which also shows that the upward trend of the new energy dump truck market, including the whole new energy heavy truck market, is irreversible.
From January to October 2022, there will be 26 provinces (cities and districts) nationwide with new energy dump trucks on the road (no new ones will be added in October), showing a very uneven regional distribution. Hebei, Henan, Shanxi and other provinces with high environmental pressure, multiple mining plants or clear requirements for the electrification of residue trucks have received most of the shares of new energy dump trucks. The total number of licensed vehicles in the above three provinces alone has reached 2358, taking away nearly 60% (58.8%) of the actual sales of new energy dump truck terminals from January to October this year. In addition to the above three provinces, six provinces (districts) including Shandong, Sichuan, Jiangsu, Anhui, Inner Mongolia and Hubei also have more than 100 new energy dump trucks, while other provinces (cities and districts) have less than 100 new energy dump trucks. In terms of cities, from January to October this year, 13 cities have registered more than 100 new energy dump trucks.
From the perspective of fuel types, the technical route of new energy dump trucks from January to October this year is dominated by pure electric vehicles, which is also the same as that of the whole new energy heavy truck market. From January to October this year, 4010 new energy dump trucks were listed on the road across the country, including 3824 pure electric vehicles, 182 fuel cell vehicles and 4 hybrid vehicles, accounting for 95.36%, 4.54% and 0.1% respectively.
Sany won the monthly championship consecutively. Liberation, Universiade net increase, Dongfeng, Fukuda skyrocketed 100 times
From January to October this year, the competition in the new energy dump truck market was not less fierce than that in the hot new energy tractor market. Taking the champion of the monthly list as an example, four enterprises, including XCMG, Sany, Yutong and Beiben, experienced the taste of champion. Before August, no enterprise could win the championship of the monthly list in the new energy dump truck market. In July and August, XCMG won the championship of the monthly list for two consecutive months. In September, Sany returned to the top of the monthly list. In October, Sany became the second enterprise to win the championship of the new energy dump truck market this year.
In October, Sany Group won the first place in the monthly sales list of new energy dump trucks with 203 vehicles, which is the fourth time that Sany has won the first place in the monthly sales list this year.
As of October, 18 "players" in the field of new energy dump trucks had entered this emerging market segment to compete, while only 11 enterprises including Nanjing Jinlong, Beiben, Xugong, Hongyan, Sany, Hanma Technology, Yutong, Shaanxi Automobile, Futian, BYD and Dongfeng had new energy dump trucks for sale in the same period last year. Only 6 enterprises sold more than 100 vehicles in the new energy dump truck market last year. From January to October this year, 10 enterprises in the new energy dump truck market sold more than 100 vehicles in total. BYD, Dayun and other enterprises also have the opportunity to enter the new energy dump truck market this year to sell more than 100 vehicles in the club.
From the perspective of growth, since only 11 enterprises achieved sales in the same period last year, and many enterprises only had double-digit or even single digit sales, the new energy dump truck market from January to October this year was dominated by growth, and FAW Jiefang, Dayun and other enterprises achieved net growth; Dongfeng, Foton and BYD achieved a surge due to their small base in the same period last year; Sany, XCMG, Yutong, Hanma Technology and Beiben increased 938%, 273%, 1196%, 544% and 71% year on year respectively; Nanjing Golden Dragon, which ranked first in the sales volume of new energy dump trucks in the same period last year, sold only 19 vehicles in January October this year, down 92% year on year, and only ranked 15th in the industry after October.
In terms of market share, Sany, XCMG and Yutong, the top three companies in terms of cumulative sales volume, have all sold more than 700 vehicles, 903 vehicles, 735 vehicles and 713 vehicles respectively, and their cumulative shares have all exceeded 15%, reaching 22.52%, 18.33% and 17.78% respectively, which is not a big difference; The cumulative sales of Hanma Technology, Beiben and FAW Jiefang, ranked 4-6, also exceeded 200, reaching 412, 298 and 204 respectively, with the cumulative shares of 10.27%, 7.43% and 5.09% respectively, and the difference between the cumulative shares was not too big; The cumulative sales of Dongfeng, Foton, Hongyan and Shaanqi all exceeded 100 vehicles, reaching 162, 151, 139 and 128 respectively, temporarily ranking 7-10, and their cumulative shares reached 4.04%, 3.77%, 3.47% and 3.19% respectively. These are also the top 10 enterprises in the new energy dump truck industry that sold more than 100 vehicles this year.
Concluding remarks
From January to October 2022, the new energy dump truck market basically continued the good performance of the last few months of last year, which was better than the second half of last year on average. The cumulative sales growth from January to October also outperformed the new energy heavy truck market; On the other hand, the overall trend of the new energy heavy truck market is the same as that of the new energy heavy truck market. Since the second half of last year, especially the last four months, the new energy dump truck market has significantly "increased". The average sales of new energy dump trucks in September December last year exceeded 400, and the sales in December even exceeded 800. This also makes it doubtful whether the new energy dump truck will end this year with "12 consecutive increases". However, The general trend of continuous improvement of the new energy dump truck market in the future will not change.
