1/3 of new heavy-duty trucks sold in China in April were LNG-powered, accelerating China's shift away from oil.
LNG price slump and impending glut spur sales of LNG-powered trucks and ships in China, accelerating its shift away from oil. In April, one-third of new heavy-duty trucks sold in China were LNG-powered, up from one in eight a year prior. LNG-powered trucks are replacing about 10-12% of China's diesel and gasoline consumption this year, as the government encourages cleaner energy sources.
June 09, 2024
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