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in China’s heavy-duty electric truck sales is outpacing the passenger car market","growth-in-chinas-heavy-duty-electric-truck-sales-is-outpacing-the-passenger-car-market","article/growth-in-chinas-heavy-duty-electric-truck-sales-is-outpacing-the-passenger-car-market",{"_uid":557,"date":558,"tags":559,"editor":566,"content":576,"excerpt":652,"featured":51,"reporter":653,"_editable":657,"component":658,"seo_title":553,"categories":659,"visibility":669,"author_company":49,"data_vis_image":670,"featured_image":674,"seo_description":652,"author_full_name":49,"author_job_title":49,"formattedDate":677,"formattedArticleDate":678},"b93bf8b3-69d0-4bde-ab78-93ab107236ba","2025-08-29 00:00",[560,563],{"slug":561,"name":562},"china","China",{"slug":564,"name":565},"data-visualisation","Data Visualisation",[567],{"slug":568,"name":569,"content":570},"matthew-bird","Matthew Bird",{"job_title":571,"image":572,"bio":574,"linkedin":575},"Senior Editor - Supply Chains & Data Visualisation",{"filename":573},"https://a.storyblok.com/f/287943243085208/512x512/14738033ec/matthew-bird.jpeg","Matthew writes, edits and produces content for Benchmark Intelligence and Benchmark Source across the whole mine to grid supply chain. He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":577,"content":578},"doc",[579,586,598,603,608,613,621,626,631,639,644,649],{"type":580,"attrs":581,"content":582},"paragraph",{"textAlign":49},[583],{"text":584,"type":585},"Lithium-ion battery demand is still primarily driven by passenger EVs and the energy storage sector. However, China’s heavy-duty truck segment (16 tonne and above) is showing how this dynamic could shift, with growth in recent years proving exceptionally strong. Between 2023 and 2024, heavy-duty electric truck sales rose 134%. Data from H1 2025 shows the market grew a further 173%, with expansion expected to continue along a similar trajectory.","text",{"type":587,"attrs":588},"blok",{"id":589,"body":590},"42cce456-309a-4adf-ac36-2c13b78d0478",[591],{"id":592,"_uid":593,"type":594,"_editable":595,"component":596,"fixed_height":597,"use_fixed_height":50,"fixed_height_mobile":597,"fixed_height_tablet":597},"24873015","i-9201a46f-3422-44cd-9208-fcc5b772ba6e","visualisation","\u003C!--#storyblok#{\"name\": \"ContentFlourish\", \"space\": \"\", \"uid\": \"i-9201a46f-3422-44cd-9208-fcc5b772ba6e\", \"id\": \"\"}-->","ContentFlourish","",{"type":580,"attrs":599,"content":600},{"textAlign":49},[601],{"text":602,"type":585},"Why does this matter in the EV market?",{"type":580,"attrs":604,"content":605},{"textAlign":49},[606],{"text":607,"type":585},"Although monthly sales remain in the tens of thousands – a fraction of passenger car volumes – battery sizes for heavy-duty vehicles are significantly larger. Some pack sizes exceed 600kWh, over 10 times the average passenger car battery pack. This means even relatively low sales volumes can exert a substantial impact on overall battery demand.",{"type":580,"attrs":609,"content":610},{"textAlign":49},[611],{"text":612,"type":585},"Taking the average unweighted battery capacity of heavy-duty trucks entering the market this year compared with passenger cars sold this year (475kWh vs 61kWh) shows that one heavy-duty truck has the potential to represent the equivalent demand of almost eight passenger cars. This underpins the importance the heavy-duty market can play in overall battery demand.",{"type":587,"attrs":614},{"id":615,"body":616},"7e814334-c5c5-418f-83e5-065c66adc7ac",[617],{"id":618,"_uid":619,"type":594,"_editable":620,"component":596,"fixed_height":597,"use_fixed_height":50,"fixed_height_mobile":597,"fixed_height_tablet":597},"24871541","i-516505ef-c8f5-4280-afb1-85cd54dddd72","\u003C!--#storyblok#{\"name\": \"ContentFlourish\", \"space\": \"\", \"uid\": \"i-516505ef-c8f5-4280-afb1-85cd54dddd72\", \"id\": \"\"}-->",{"type":580,"attrs":622,"content":623},{"textAlign":49},[624],{"text":625,"type":585},"Battery swapping has cemented itself in the industry",{"type":580,"attrs":627,"content":628},{"textAlign":49},[629],{"text":630,"type":585},"In 2024, battery-swapping models accounted for 36% of heavy-duty electric truck sales, a slight decline from 2023. In H1 2025 this fell further to 34%, despite sales increasing 140% y-o-y. The reduction in share suggests alternative charging remains favoured by many operators, but the strong growth overall highlights the important role battery-swapping heavy-duty vehicles continue to play in China’s transition to electric trucking. Battery swapping may be favoured in situations where quick turnaround is essential, or in remote areas where access to high-powered grid connections is limited.",{"type":587,"attrs":632},{"id":633,"body":634},"d91ebc10-ddaa-4627-8f32-c8ad9e0be518",[635],{"id":636,"_uid":637,"type":594,"_editable":638,"component":596,"fixed_height":597,"use_fixed_height":50,"fixed_height_mobile":597,"fixed_height_tablet":597},"24873168","i-c76ad1f2-8555-4838-8a56-81abca60d301","\u003C!--#storyblok#{\"name\": \"ContentFlourish\", \"space\": \"\", \"uid\": \"i-c76ad1f2-8555-4838-8a56-81abca60d301\", \"id\": \"\"}-->",{"type":580,"attrs":640,"content":641},{"textAlign":49},[642],{"text":643,"type":585},"The market in context",{"type":580,"attrs":645,"content":646},{"textAlign":49},[647],{"text":648,"type":585},"Backed by government subsidies, lower operating costs, and expanding charging and swapping infrastructure, China demonstrates the scale of electrification potential in heavy-duty transport. While adoption outside China is unlikely to accelerate at the same pace, demand across commercial vehicle segments is expected to rise rapidly in the coming years proving an increasingly important battery demand segment. ",{"type":580,"attrs":650,"content":651},{"textAlign":49},[],"Lithium-ion battery demand is still primarily driven by passenger EVs and the energy storage sector. However, China’s heavy-duty truck segment (16 tonne and above) is showing how this dynamic could shift, with growth in recent years proving exceptionally strong. Between 2023 and 2024, heavy-duty electric truck sales rose 134%. Data from H1 2025 shows the market grew a further 173%, with expansion expected to […]",[654],{"slug":568,"name":569,"content":655},{"job_title":571,"image":656,"bio":574,"linkedin":575},{"filename":573},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"b93bf8b3-69d0-4bde-ab78-93ab107236ba\", \"id\": \"\"}-->","article",[660,663,666],{"slug":661,"name":662},"batteries","Batteries",{"slug":664,"name":665},"battery-technology","Battery Technology",{"slug":667,"name":668},"ev","EV","private",{"id":49,"alt":597,"name":597,"focus":597,"title":597,"source":597,"filename":671,"copyright":597,"fieldtype":672,"meta_data":673,"is_external_url":51},"https://res.cloudinary.com/benchmarkminerals/images/f_auto,q_auto/v1756460584/www-production/Screenshot-2025-08-28-153050/Screenshot-2025-08-28-153050.png?_i=AA","asset",{"alt":597,"title":597,"source":597,"copyright":597},{"id":49,"alt":597,"name":597,"focus":597,"title":597,"source":597,"filename":675,"copyright":597,"fieldtype":672,"meta_data":676,"is_external_url":51},"https://a.storyblok.com/f/287943243085208/5e6109c6a6/bm-adobestock-1385255173-scaled.jpeg",{"alt":597,"title":597,"source":597,"copyright":597},"Aug 29, 2025","29th August 2025",[],[],1789982564703]