Electric trucks enter the market

In early 2024, Sany Group delivered 50 dump trucks to Saudi Arabia for the construction of the $500 billion new city "NEOM".

Recently, Sany Group has reached a $1.87 billion agreement with Saudi Global Ports SGP to deliver 80 electric trucks to King Abdulaziz Port in Dammam for green transportation in Saudi ports.

Represented by Sany, more and more companies have started a wave of exporting electric trucks, which has also attracted worldwide attention to China's electric trucks.

Export Market: Analyzing the current electric truck export market, it is not difficult to find that the market is showing a trend of diversification, not only exporting to traditional markets such as Russia and Mexico, but also actively expanding into emerging markets such as Southeast Asia and the Middle East.

Short distance delivery: Among various types of truck exports, light trucks have shown the most outstanding performance, reflecting the high demand for medium and short distance transportation vehicles in the international market, and also indicating that China's urban logistics delivery has stimulated the economy in recent years and has attracted worldwide imitation.

Reason for being favored: The reason why electric trucks are popular in foreign markets is because China's electric trucks have made significant progress in technological innovation, quality improvement, and other aspects, and their prices are relatively affordable, with high cost-effectiveness advantages and strong competitiveness.

Challenges still exist: To export electric trucks on a large scale, there are still some problems, such as low awareness and acceptance of new energy vehicles in export regions, which affects sales; The local charging infrastructure is not yet perfect, which affects its use; Factors such as tariff barriers and trade protectionism exist; International competition is also constantly strengthening.

Future strategy: Truck companies need to increase their technological research and development efforts to improve the performance and reliability of electric trucks; Establishing a more comprehensive sales and service network overseas to enhance customer experience and service quality; On the basis of consolidating traditional markets, actively expanding into emerging markets such as Africa; Actively participate in the formulation of international standards and regulations, and create electric trucks that are more suitable for local markets overseas.