According to GACO Auto’s latest global new energy heavy-duty truck market report, the market size will reach US$35.897 billion in 2026, a significant year-on-year increase of 42.64%, demonstrating explosive growth.
Looking at the segmented market, new energy tractor trucks, dump trucks, and mixer trucks occupy the main market share, with new energy tractor trucks accounting for over 70% of the market, becoming the core driving force for market growth. Industry analysts point out that the increasingly mature short-haul transportation scenarios in closed or fixed routes such as ports, mines, and steel mills are the key driving force for the leapfrog development of the new energy heavy-duty truck market. These scenarios have relatively low requirements for vehicle range and facilitate unified planning of charging infrastructure, providing ideal conditions for the large-scale application of new energy heavy-duty trucks.
As the world’s largest heavy-duty truck market, China has become the main battleground for this industrial transformation. In 2025, the Chinese heavy-duty truck market sold a total of 1.1449 million units, a year-on-year increase of 27%, demonstrating a strong market recovery momentum. Among them, Sinotruk maintained its leading position in the industry with sales of 304,900 vehicles, achieving a market share of 26.6%. XCMG Automobile ranked sixth with sales of 40,100 vehicles, holding a market share of 3.5%. Although currently in the middle, its expansion ambitions are clearly visible.
In February 2025, XCMG Automobile completed its equity diversification reform and secured 6.444 billion yuan in financing, setting a record for the largest single financing in the national commercial vehicle sector in the past five years, injecting ample momentum into its future development. To strengthen its core competitiveness, XCMG Automobile has selected Zhuoyu Technology as its high-end assisted driving solution supplier. This solution is planned to be officially mass-produced in 2026, marking a crucial step for XCMG in the field of autonomous driving for heavy-duty trucks.
In the new energy heavy-duty truck segment, Chinese companies have demonstrated strong competitiveness. Sany’s charging heavy-duty trucks achieved sales of over 30,000 units in 2025, continuously winning the Chinese market championship and firmly establishing its leading position in the domestic market. To seize the high ground in intelligent technology, Sany Heavy Truck and Pony.ai have entered into a deep collaboration to jointly develop fourth-generation autonomous trucks.
Their jointly developed “1+4” intelligent heavy truck fleet is planned for mass production in 2026. This fleet adopts an innovative “human-led + AI-following” model, with one driver operating the lead truck and four electric heavy trucks automatically following behind. This improves logistics efficiency and significantly reduces labor costs, potentially reshaping the long-haul logistics operation model.
As a leader in defining the new energy heavy truck field, DeepWay’s rise is also noteworthy. As of June 2025, the company has delivered approximately 6,400 new energy heavy trucks, ranking first in the global market for defining new energy heavy trucks. Unlike the transformation paths of traditional automakers, DeepWay adopts a dual-drive strategy of “own vehicles + self-developed intelligent driving technology,” consistently focusing on the research and mass production of electrification and intelligent technologies, and committed to achieving fully autonomous driving in the freight sector. Performance data testifies to its rapid growth: The company’s revenue was 426 million yuan in 2023, jumping to 1.969 billion yuan in 2024, and further reaching 1.506 billion yuan in the first half of 2025, representing a year-on-year increase of approximately 97.6%, continuing to lead the industry in growth rate.
Specifically, in 2024, DeepWay delivered over 3,000 new energy heavy-duty trucks, covering various logistics and transportation scenarios, ranking first globally in delivery volume for forward-designed intelligent new energy heavy-duty trucks. Building on this strong momentum, DeepWay has set a delivery target of 8,000 units for 2025, striving to maintain steady production growth and further expand its market advantage.
Besides industry leaders and emerging companies, newcomers like Zeron are also accelerating their expansion. The company recently launched its new model, “Xiaoman,” and set a sales target of 500 units per month, officially entering the new energy heavy truck market. Zeron’ core strategy focuses on semi-closed scenarios, planning to first achieve Level 4 autonomous driving in ports, mining areas, and bulk logistics lines. Within the next three years, it plans to deploy over 10,000 driverless trucks in 500 cities. Simultaneously, Zeron will collaborate deeply with its shareholder, autonomous driving software company Momenta, to jointly explore and promote the iterative upgrade of assisted driving technologies in the truck sector.
Faced with the rapid rise of Chinese companies, international heavy-duty truck giants have not remained passive but have accelerated their transformation, maintaining their market share while actively vying for dominance in the global market. Daimler Trucks North America (DTNA) has officially delivered its latest flagship test truck, based on the 5th generation Freightliner Cascadia, to its autonomous driving technology subsidiary, Torc Robotics. This model supports autonomous driving functions, and its key systems such as braking and steering feature redundant designs, providing dual protection for safe operation.
Performance data shows that in 2024, Daimler Trucks sold 460,400 commercial vehicles globally, with sales of pure electric trucks and buses increasing significantly by 17% year-on-year. The group’s annual revenue reached €54.1 billion, demonstrating its strong overall strength. In the new energy heavy-duty truck sector, Daimler Trucks also performed exceptionally well: sales of battery electric trucks and buses reached 4,035 units in 2024, and electric vehicle sales increased to 6,726 units in 2025, a year-on-year increase of 67%, significantly higher than the industry average.
Volvo Trucks continues to consolidate its advantages in electrification, having delivered over 5,000 pure electric trucks to customers in 50 countries worldwide. It currently has eight electric truck models in production, further solidifying its leading position in the electric heavy-duty truck market.
To address industry changes, following the signing of a joint venture agreement last year, the Volvo Group and Daimler Trucks officially established the joint venture Coretura on June 17th. Coretura will focus on the development of software-defined vehicle platforms, driving the digital transformation of the commercial vehicle industry and striving to establish new industry standards. Furthermore, Volvo has partnered with artificial intelligence company Waabi to jointly advance the development of autonomous trucks, employing a two-pronged approach to the intelligent vehicle market.
This global competition is not limited to industry leaders; smaller players are also seeking differentiated breakthroughs. KargoBot and SuperPanther have entered into a strategic partnership, focusing on bulk commodity trunk logistics scenarios and jointly developing L4-level fully redundant autonomous driving vehicles. SuperPanther has clearly defined its global expansion goals: to enter more than three major global markets by 2026, launching customized new energy vehicle models tailored to local needs; and by 2030, to strive for the cumulative delivery of tens of thousands of complete vehicles and core system-enabled products in the global market, gradually expanding its global influence.
Windrose has seized the initiative through global operations, currently conducting road tests and operations in 24 countries across five continents. Its new energy heavy trucks have received over 7,000 orders from countries and regions including China, the United States, Europe, and New Zealand, becoming an important representative of Chinese new energy heavy trucks going global.
Industry analysts say that the current competition in the global new energy heavy truck market is no longer limited to electrification transformation; intelligentization has become the new core battleground. “In the future, the companies that will stand out in this market will inevitably be those players who can deeply integrate electrification power systems with advanced autonomous driving technologies.”
