Robert Besser
20 May 2025, 20:48 GMT+10
BEIJING, China: China's sales of heavy trucks could be dominated by electric vehicles by 2028, with battery-powered models potentially making up half of all sales, up from just 10 percent in 2024, according to CATL chairman Zeng Yuqun.
Speaking at a battery-swapping launch event, Zeng's remarks, reported by Shanghai's Jiemian news site, indicate a significant shift that could further reduce fuel demand in the country's trucking sector, which is already seeing an increase in LNG-powered trucks.
CATL, a leading battery manufacturer, announced over the weekend that it had begun operations at a 60 gigawatt-hour energy storage and electric vehicle (EV) battery manufacturing base in Shandong, its first major facility in northern China. The project will expand with a second and third phase over the next two years, forming a large-scale battery cluster in the region, the company said in a WeChat post.
Shandong is positioning itself as a key player in China's EV battery supply chain, aiming to build a 100 billion yuan (US$14 billion) lithium battery industry by the end of the year. The initiative includes the production of electrode materials, electrolytes, battery cells, and assembly, according to a notice issued by the local government last year.
Get a daily dose of Manufacturing Mirror news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Manufacturing Mirror.
More InformationDhaka [Bangladesh], May 20 (ANI): Starlink, a satellite internet service owned by Elon Musk's SpaceX, has officially started operations...
New Delhi [India], May 19 (ANI): Union Minister of Commerce and Industry Piyush Goyal stated that the GeM portal of the government...
The European Bank for Reconstruction and Development (EBRD) has introduced its Star Venture programme in Bulgaria, aiming to provide...
Washington, DC [US], May 17 (ANI): The Trump administration on Friday requested the Supreme Court permit it to proceed immediately...
New Delhi [India], May 16 (ANI): In a show of solidarity with India's armed forces, Union Minister Smriti Irani announced that she...
New Delhi [India], May 16 (ANI): BJP leader Smriti Irani on Friday lauded the Confederation of All India Traders (CAIT) association's...
BEIJING, China: China's sales of heavy trucks could be dominated by electric vehicles by 2028, with battery-powered models potentially...
TOKYO, Japan: Japan's economy contracted for the first time in a year, shrinking at a faster pace than expected in the first quarter...
WASHINGTON, D.C.: The largest firefighters' union in the United States is calling for federal antitrust authorities to investigate...
LOS ANGELES, California: One person died and 32 others were hurt when a tour bus and an SUV crashed on a freeway near Los Angeles over...
DUBLIN, Ireland: Ford is set to release a software update within the next two weeks for 2,850 Irish owners of Kuga plug-in hybrid vehicles...
COLOMBO, Sri Lanka: A passenger bus carrying nearly 50 people skidded off a cliff in Sri Lanka's central highlands, killing 21 and...