China saw significant increase in sales of new energy refrigerated trucks in the first quarter of this year, data released by China Federation of Logistics and Purchasing (CFLP) showed on Sunday.
In the first quarter of this year, the national sales of refrigerated trucks were 10,160 units, a decrease of 1,438 units compared to that of the same period last year, according to the data.
From the perspective of the inflow of refrigerated trucks in the regional market, the East China region is significantly ahead of other regions. Meanwhile, the sales in the South China and Southwest regions have shown significant year-on-year growth, increasing by 36.28 and 25.09 percent, respectively.
Additionally, with the continuous improvement of the road rights and charging infrastructure for new energy refrigerated trucks, as well as the decline in vehicle prices due to the decrease in battery prices, there has been a surge in sales of new energy refrigerated trucks.
In the first quarter of the year, the national sales of new energy refrigerated trucks were 1,540 units, representing a year-on-year growth of 381.3 percent. Among them, pure electric refrigerated trucks accounted for the largest proportion, with 1,002 units sold, showing a year-on-year growth of 334.8 percent.
"Cost pressure is the primary and direct reason driving the current booming market for new energy vehicles. Many companies now believe that traditional gasoline vehicles are no longer cost-effective, and only by adopting new energy vehicles can they address the issue of high costs. Looking ahead, the market for new energy vehicles, especially pure electric vehicles, is expected to continue growing rapidly," said Cui Zhongfu, deputy chief, China Federation of Logistics and Purchasing (CFLP).
China sees significant increase in sales of new energy refrigerated trucks in first quarter
The third Global Trade and Investment Promotion Summit was held in Beijing on Monday, with representatives calling on the international business community to make concerted efforts to fast-track global economic recovery.
Highlighting mutual trust and cooperation, the focus of the event is "smoothing the supply chain for win-win," with more than 300 attendees from across the world, including heads of chambers of commerce, business associations and trade promotion facilities, as well as high-level representatives from Tesla, Walmart and other Fortune Global 500 companies.
As a high-level platform for interactions among business communities from different countries, the summit aims to jointly address global issues, nurture new growth points for international economic cooperation and reform the global economic governance system.
Delivering a speech at the opening ceremony, Chinese Vice President Han Zheng said China will continue to work with the rest of the international community, amid all the global uncertainty, to strengthen openness and exchanges, promote free trade and stimulate growth drivers for digital and green development.
The summit was organized by the China Council for the Promotion of International Trade (CCPIT). Representatives from both trade and investment promotion agencies and business communities reached a series of consensus following extensive discussions.
"China is willing to share the opportunities of development with the global community. We welcome the business sectors of more and more countries to work together to build a stable global supply and industrial chain, and give full play to the further development of the green economy," said Ren Hongbin, the CCPIT chairman.
The summit also includes parallel forums focusing on smoothening supply chains, promoting exchanges between the United States and China on turning the "San Francisco Vision" into reality, and the artificial intelligence (AI) industry, among other issues.
The forum attendees spoke highly of China's contribution to the global market and its efforts to share the development opportunities with other countries.
"China is already integrated very closely into the global manufacturing supply chain. It provides a lot of inputs. And at the same time, China is also a very very big market, [as] 18 percent of the GDP, the global GDP, is China. Therefore, China has a very important role both as a part of the manufacturing chain and also as a part of the global market," said Osamu Onodera, vice chairman of the Japanese Chamber of Commerce and Industry in China
"[For] Italian companies, they focus on Chinese partners to promote the digital trade of the quality of their products. So this is one of the key elements to cooperate between Italian companies and the Chinese market," said Lorenzo Riccardi, chairman of China-Italy Chamber of Commerce.
The summit launched the Beijing Initiative, calling on accelerating world economic recovery through the WTO-centered multilateral trading system and maintaining the stability and smooth flow of industrial and supply chains through strengthening industrial specialization and collaboration.
The initiative also proposed to advance AI exchanges and cooperation in embracing the transformative force of AI, foster green and low-carbon development, and nurture mutually-beneficial and win-win business partnerships.
Global Trade, Investment Promotion Summit 2024 held in Beijing
Global Trade, Investment Promotion Summit 2024 held in Beijing
