Latest news with #Langfang
Yahoo
11-07-2025
- Automotive
- Yahoo
Analysis-Soaring electric truck sales deal new blow to diesel use in China
By Sam Li and Lewis Jackson LANGFANG, China (Reuters) -Electric-powered heavy trucks are rapidly gaining market share in China, driven by subsidies and the quick rollout of chargers, further curbing diesel usage and denting oil demand from the world's biggest crude importer. The boom in electric truck sales in China follows that of electric cars and the rise in recent years of LNG-powered heavy trucks. Those factors, combined with slowing economic growth, have stifled its oil consumption growth. Sales in the world's biggest market for new energy trucks are estimated to have risen 175% year-on-year to 76,100 in the first half of this year, or about a quarter of new truck sales, according to consulting firm Sublime China Information (SCI). Electric models, still mostly used for short-haul runs in ports, mines or steel mills, accounted for over 90% of that increase. The rapid pace has surprised analysts who have revised down diesel demand forecasts as a result and brought forward their predictions for a peak in Chinese oil demand. SCI's analyst Xu Lei said he cut the firm's China diesel demand expectations by 1%-2% given the boom in electric truck sales. "The surge in electric heavy trucks was a surprise and has become a new factor accelerating China's oil consumption to peak, most likely this year," said Ye Lin, vice president at Rystad Energy, who had previously expected a 2026 peak. The transport sector, which burns about two-thirds of all diesel in China, will use 40% less by 2030, cutting overall diesel consumption by about a quarter compared to 2024 levels, according to Rystad. Diesel consumption this year is forecast to fall by 11.3 million tons, or 6.3%, on par with last year's drop, according to SCI. 'BEIJING TO YUNNAN' After more than six years behind the wheel of a diesel truck, Li Shuai, who drives for a cement plant in Hebei province near Beijing, switched to an electric truck six months ago. "Charging infrastructure has improved noticeably in the past half year, making things much more convenient,' Li, 38, said. "It is even possible to drive an empty truck more than 2,000 km from Beijing to Yunnan to pick up goods without worry." The rapid buildup of charging infrastructure, primarily through industrial corridors, is underpinning adoption, although charge times that can stretch to 90 minutes and limited charger availability in some areas remain issues. Teld, an EV charging infrastructure provider that has built more than 2,400 truck charging stations across China, officially opened an 800 km corridor in March linking Shanxi and Shandong provinces, a key route through the country's coal-producing region. At a charging station next to the Hebei cement plant, car and truck chargers sit side by side in the dusty lot. Owner Yongji Liu had originally only planned to service EVs but said "the electric truck market is growing so fast that we also installed chargers for trucks". CHEAPER THAN ALTERNATIVES The booming market for electric trucks is partly due to cheap electricity and government subsidies introduced last July of up to 95,000 yuan ($13,264) for new vehicles, analysts and truckmakers said. While diesel trucks are cheaper upfront, higher fuel costs make them more expensive after a million kilometers of driving. Once fuel is included, diesel trucks cost about 2.25 million yuan ($314,000) at the million-kilometer mark, roughly 10% more than LNG trucks and 15% more than electric trucks, according to GL Consulting. Rising fuel costs have also eroded some of the price advantage enjoyed by LNG trucks, which along with limited refueling stations in some regions, have hindered their growth, said SCI analyst Wang Neng. SCI forecasts LNG truck sales to hit around 92,000 units in the first half, down 15% from a year earlier, although the surge in electric adoption is more than offsetting the impact on diesel consumption. China's second-best-selling electric truck maker Sany says the growth potential for electric trucks is greater than for passenger EVs because lower operating costs bolster the profitability of corporate users. "We expect electric heavy trucks to account for 70% to 80% of new sales within as little as two to three years, driven by lower operating costs and more comprehensive charging infrastructure," said Zhaoting Yue, SANY's vice president of international marketing. ($1 = 7.1625 Chinese yuan)
Yahoo
11-07-2025
- Automotive
- Yahoo
Analysis-Soaring electric truck sales deal new blow to diesel use in China
By Sam Li and Lewis Jackson LANGFANG, China (Reuters) -Electric-powered heavy trucks are rapidly gaining market share in China, driven by subsidies and the quick rollout of chargers, further curbing diesel usage and denting oil demand from the world's biggest crude importer. The boom in electric truck sales in China follows that of electric cars and the rise in recent years of LNG-powered heavy trucks. Those factors, combined with slowing economic growth, have stifled its oil consumption growth. Sales in the world's biggest market for new energy trucks are estimated to have risen 175% year-on-year to 76,100 in the first half of this year, or about a quarter of new truck sales, according to consulting firm Sublime China Information (SCI). Electric models, still mostly used for short-haul runs in ports, mines or steel mills, accounted for over 90% of that increase. The rapid pace has surprised analysts who have revised down diesel demand forecasts as a result and brought forward their predictions for a peak in Chinese oil demand. SCI's analyst Xu Lei said he cut the firm's China diesel demand expectations by 1%-2% given the boom in electric truck sales. "The surge in electric heavy trucks was a surprise and has become a new factor accelerating China's oil consumption to peak, most likely this year," said Ye Lin, vice president at Rystad Energy, who had previously expected a 2026 peak. The transport sector, which burns about two-thirds of all diesel in China, will use 40% less by 2030, cutting overall diesel consumption by about a quarter compared to 2024 levels, according to Rystad. Diesel consumption this year is forecast to fall by 11.3 million tons, or 6.3%, on par with last year's drop, according to SCI. 'BEIJING TO YUNNAN' After more than six years behind the wheel of a diesel truck, Li Shuai, who drives for a cement plant in Hebei province near Beijing, switched to an electric truck six months ago. "Charging infrastructure has improved noticeably in the past half year, making things much more convenient,' Li, 38, said. "It is even possible to drive an empty truck more than 2,000 km from Beijing to Yunnan to pick up goods without worry." The rapid buildup of charging infrastructure, primarily through industrial corridors, is underpinning adoption, although charge times that can stretch to 90 minutes and limited charger availability in some areas remain issues. Teld, an EV charging infrastructure provider that has built more than 2,400 truck charging stations across China, officially opened an 800 km corridor in March linking Shanxi and Shandong provinces, a key route through the country's coal-producing region. At a charging station next to the Hebei cement plant, car and truck chargers sit side by side in the dusty lot. Owner Yongji Liu had originally only planned to service EVs but said "the electric truck market is growing so fast that we also installed chargers for trucks". CHEAPER THAN ALTERNATIVES The booming market for electric trucks is partly due to cheap electricity and government subsidies introduced last July of up to 95,000 yuan ($13,264) for new vehicles, analysts and truckmakers said. While diesel trucks are cheaper upfront, higher fuel costs make them more expensive after a million kilometers of driving. Once fuel is included, diesel trucks cost about 2.25 million yuan ($314,000) at the million-kilometer mark, roughly 10% more than LNG trucks and 15% more than electric trucks, according to GL Consulting. Rising fuel costs have also eroded some of the price advantage enjoyed by LNG trucks, which along with limited refueling stations in some regions, have hindered their growth, said SCI analyst Wang Neng. SCI forecasts LNG truck sales to hit around 92,000 units in the first half, down 15% from a year earlier, although the surge in electric adoption is more than offsetting the impact on diesel consumption. China's second-best-selling electric truck maker Sany says the growth potential for electric trucks is greater than for passenger EVs because lower operating costs bolster the profitability of corporate users. "We expect electric heavy trucks to account for 70% to 80% of new sales within as little as two to three years, driven by lower operating costs and more comprehensive charging infrastructure," said Zhaoting Yue, SANY's vice president of international marketing. ($1 = 7.1625 Chinese yuan) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
20-05-2025
- Entertainment
- Globe and Mail
"Langfang World Food Festival" Grand Opening A Global Food Celebration Brings Flavors to Life
Langfang, China--(Newsfile Corp. - May 20, 2025) - On June 15, the 4th International Meat Pie Contest & 2025 Chef Of the World will be officially kicked off the Time Lawn at Langfang Linkong International Convention and Exhibition Center, marking the grand launch of the "Langfang World Food Festival" series. As a key event of the Langfang International Economic and Trade Fair 2025, this competition is jointly hosted by the Langfang Municipal Bureau of Culture, Radio, Television, and Tourism, Hebei Linkong Group Co., Ltd., and the China headquarters of the World Beauty Congress-Beijing Yangma Fuchuan International Culture Communication Co., Ltd., aiming to create an international event integrating Chinese and foreign culinary cultures. Dual-Track Competition: Tradition Meets Innovation Breaking away from conventional formats, this year's event introduces two exciting tracks: "Traditional Meat Pie Challenge" and "Creative Flavor Showdown". Top street food chefs from 25 countries and regions will showcase their skills alongside 35 inheritors of China's intangible cultural heritage meat pie techniques. Together, they explore endless possibilities for culinary innovation while preserving the essence of traditional craftsmanship. The event highlights the diverse charm of global food culture through a two-way fusion of 'heritage preservation' and 'creative expression'. Immersive Experience: Food Meets Culture The event will feature a "World Flavors Cuisine" with 70+ specialty booths, including Michelin-starred chefs and master chefs from Dubai's six-star luxury hotels. Visitors can try one-stop global foods around the world. Beyond tastings, it curates interactive experiences, including: Meat Pie Workshops Tasting Challenges & Lucky Draws Online Snack Market This multi-sensory adventure blends gastronomic delight with cultural storytelling, offering both epicurean satisfaction and cultural enrichment. The "Langfang World Food Festival" will run until June 20 th. It combines food with Langfang's tourism spots to give visitors special memories. By using cuisine as a cultural bridge, the festival serves as a dynamic platform for global cultural exchange, inviting participants to savor world flavors and experience the rich charm of Langfang. Media Contact Company Name: Langfang Municipal Bureau of Culture, Radio, Television, and Tourism Contact Person: Zhang ling Email: lfzwgkb@ Website:
