In July, new-energy light-duty trucks sold 18,900 units, up 29% year-on-year, with a penetration rate of 36.69%.

According to compulsory traffic insurance sales data, China’s new-energy light-duty truck market sold 18,900 units in July, up 29% year-on-year but down 16% month-on-month. Driven by continuous new-energy policies and urban logistics upgrades, the market overcame traditional seasonal sluggishness and maintained year-on-year growth—marking its fifth consecutive month of year-on-year growth. Among enterprises ranked in the top ten for single-month July sales, Foton Motor, Remote New Energy Commercial Vehicle, and SAIC YUEJIN ranked first through third; Dongfeng Motor surged 277% year-on-year, while FAW Jiefang rose 185% year-on-year—both showing remarkable growth. From January to July, cumulative real sales of new-energy light-duty trucks reached 118,200 units, up 35% year-on-year. The single-month penetration rate in July stood at 36.69%, while the cumulative January–July penetration rate was 30.23%. Pure-electric models continued to dominate, accounting for 95.86% of cumulative sales from January to July; plug-in hybrid models accounted for 4.02%; and fuel-cell models accounted for 0.12%. In the July 2026 Transporter Brand Index Ranking, brands including JAC i-CAR, Dongfeng Light-Duty Vehicles, FAW Jiefang Light Trucks, Ouman & Ostar, Feidie Automobile, BYD, Remote New Energy Commercial Vehicle, SAIC YUEJIN, and Foton Aoling ranked among the highest in terms of attention index. JAC i-CAR In July 2026, JAC Automobile’s new-energy light-duty truck sales totaled 1,611 units, capturing an 8.5% monthly market share—a 16% increase year-on-year. Cumulative sales from January to July reached 10,800 units, up 61% year-on-year, with a cumulative market share of 9.1%. In the July brand index ranking, JAC i-CAR’s attention index stood at 2,777. In July, JAC i-CAR completed bulk deliveries across multiple regions—including Henan, Shanghai, Zhejiang, Jiangsu, and Shaanxi—such as delivering 20 EV9 units to Zhengzhou, 20 ES9 units to Suzhou, 20 ES-series refrigerated trucks to Shanghai, and 20 EV5 units to Hangzhou. On July 27, Hefei hosted the industry’s first launch ceremony for JAC’s new-energy light-duty trucks equipped with a 172 kWh battery pack. The JAC ES9 and Kunpeng ET9—both powered by CATL’s high-capacity 172 kWh battery—rolled off the production line, targeting long-range intercity and urban distribution transport needs. Dongfeng Light-Duty Vehicles In July 2026, Dongfeng Motor’s new-energy light-duty truck sales totaled 1,107 units, capturing a 5.9% monthly market share—a 277% increase year-on-year. Cumulative sales from January to July reached 6,736 units, up 94% year-on-year, with a cumulative market share of 5.7%. In the July brand index ranking, Dongfeng Light-Duty Vehicles’ attention index stood at 1,387. In July, Dongfeng Import & Export Company held a new light commercial vehicle launch event in the Philippines, showcasing five models across four series: Captain W, Captain T, Captain E, and Captain C. The event featured on-site vehicle demonstrations tailored to local road conditions, heavy-load construction site operations, and suburban/city distribution scenarios. FAW Jiefang Light Trucks In July 2026, FAW Jiefang’s new-energy light-duty truck sales totaled 923 units, capturing a 4.9% monthly market share—a 185% increase year-on-year. Cumulative sales from January to July reached 4,972 units, up 105% year-on-year, with a cumulative market share of 4.2%. In the July brand index ranking, FAW Jiefang Light Trucks’ attention index stood at 1,302. Product-wise, FAW Jiefang’s Yuetu micro-truck targets urban distribution, building materials delivery, fresh produce logistics, and narrow-street delivery in old urban districts, offering both pure-electric and conventional fuel variants.

BYD Commercial Vehicle Development Strategy Research Report

Forward-Looking Perspectives: I. BYD Commercial Vehicle’s Overall Strategy BYD Commercial Vehicle’s overall development follows a clear, progressive path—from “technological authority” to “market dominance,” and ultimately to “ecosystem definition.” At its core lies the construction of a “triple moat”: technological moat, scenario moat, and ecosystem moat—enabling BYD’s strategic transformation from a product manufacturer into an industrial ecosystem leader. 1. Technology-Driven Foundation In its initial strategic phase, BYD leveraged its deep expertise in battery technology and entered the commercial vehicle sector via vertical integration. By rapidly developing and mastering core “three-electric” technologies—battery, motor, and electronic control—it achieved 100% self-sufficiency in critical components, establishing robust cost and technological barriers. 2. Scenario-Driven Expansion After achieving technological maturity, BYD accurately anticipated and closely aligned with policy trends, using “urban bus electrification” as its breakthrough point. It pioneered business models such as “zero-cost vehicle acquisition,” creating the “Shenzhen Model” and rapidly replicating it nationwide to seize early market advantage. Subsequently, BYD launched its “7+4” full-market strategy—developing scenario-specific custom solutions that expanded its product portfolio beyond buses into logistics, sanitation, ports, and all other commercial applications—achieving both scale expansion and market leadership. 3. Global Expansion In international markets, BYD avoided low-price competition, instead using high-end technology and superior product quality as entry credentials to penetrate developed markets—including the U.S., Europe, Japan, and South Korea. Through factory investments in Hungary, the U.S., and Brazil; strategic partnerships with local industry leaders like UK-based ADL; and targeted localized R&D and product adaptation, BYD successfully overcame overseas technical, regulatory, and trade barriers—transitioning from product export to global operational presence. II. BYD Commercial Vehicle Business and Technology Strategy 1. Core Technology Platform The cornerstone of its technology system is the migration of proven passenger-vehicle technologies to commercial vehicles. Built upon the “26111” vertical integration platform, BYD developed the flexible, open e-Platform 3.0 technology ecosystem. This dual-platform architecture enables BYD to leverage the economies of scale offered by e-Platform 3.0 to serve mainstream markets—including public transit and logistics—while simultaneously deploying the deep customization capabilities of the “26111” platform to deliver specialized solutions for demanding niche applications such as mining, port operations, and airports.

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