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
China-Cambodia ties received a boost from Chinese investments in Cambodia's nascent new energy industry on Thursday, as the Cambodian Confederation of Investors Association hosted an event in the capital city of Phnom Penh to welcome these new investments.
The association is expected to better coordinate among ministries and enterprises to start this fresh phase of new energy investment.
Addressing delegates at the ceremony, Cambodian Prime Minister Hun Manet emphasized his government's strong focus on foreign investments in Cambodia, especially in the private sector.
He said Cambodia and China are engaged in close economic cooperation and promised that the Cambodian government will try its best to create a better business environment and solve problems. In recent years, several Chinese companies in the new energy technology and electric vehicle (EV) sector – including the Huaneng Group, Great Wall, BYD and Midea – have started building infrastructure in Cambodia.
"China-Cambodia trade relations have prospered in recent years. We've chosen to invest in new energy projects in Cambodia, including factories and charging equipment. We believe the investments in industries in Cambodia will further improve China-Cambodia friendship," said He Dong, president of ZM Trucks China.
For Cambodia, Chinese investment in electric vehicles and renewable energy plants offers an opportunity to benefit from technology transfers and industrial upgrading.
It would also help Cambodian businesses, create employment opportunities and improve people's living conditions.
"We welcome the investment very much because it helps Cambodia's economic development. It creates more job opportunities for Cambodians and is also good for the environment," said Kun Thai, general chairman of Cambodia Confederation of Investors Association.
The association is working actively with the Chinese new energy sector – to get more companies into Cambodia, and a wave of investment that will usher in positive changes.
Cambodia welcomes more Chinese investment in new energy industry
