China’s Electric Trucks Surge Overseas as Costs Fall and Tech Improves

Domestic makers of heavy-duty trucks are the latest winners in China’s push for cleaner roads. Better technology and lower ownership costs are boosting exports, especially as a global energy crisis drives demand for alternatives. Southeast Asia and Africa are expected to become key growth markets, according to analysts at S&P Global Ratings. Chinese manufacturers like FAW Jiefang and Foton Commercial Vehicles already have assembly hubs in those regions, giving them a head start. The shift toward electric trucks supports China’s goal of reaching net-zero freight emissions. As subsidies help pave the way at home, these companies are now looking abroad for new opportunities.