Natural Gas Truck Sees a Jump of 666% YoY in April

Natural Gas Truck Sees a Jump of 666% YoY in April
May 24,2017

www.chinatrucks.com: According to statistics of MIT, in April, the natural gas heavy truck market sees April production to be about 7,042 units, down 9% month over month but up 666% year-on-year, far higher than 587% growth in March. Since the beginning of this year, it reports a very satisfactory set of results: up 257% in January, 927% in February, 587% in March and 666% in April. The total year-on-year growth rate reaches 571% in the first 4 months, 38% higher than that of Q1 (533%). The amount of Gas Fuelled Trucks produced during the first 4 months reaches 21,767 units, higher than the whole of 2016 (around 20,000 units). It turns out to be far better than expected.

2014-2017 Sales for Natural Gas Truck

Sales of Natural Gas Fueled Trucks Up 666% YoY in April

As is shown in below chart, in April, almost all enterprises have experienced an astonishing growth rate. The top 3 enterprises are Dongfeng, SHACMAN and Jiefang with respective production of 1,363 units, 1,312 units and 1,139 units, up by 503%, 879% and 849% respectively. C&C sees the highest growth rate of 2211% year on year with 416 units produced, followed by Beiben and Dayun, reporting a jump of 1471% and 1331% respectively year-on-year.

As for many other firms, SINOTRUK experiences a growth of 778% year on year, Foton up 673% year on year, CAMC 690% year on year and JAC up 650% year on year.

Source : www.chinatrucks.com