China’s new energy refrigerated truck market is accelerating, with penetration expected to hit 38.5% in 2025, up from 33.9% in 2024, according to industry analysts. Sales surged 350.8% year-on-year in 2024, driven by state subsidies (up to RMB 30,000 per vehicle), city access privileges, and a growing charging network—now exceeding 120,000 dedicated stations. Light-duty models dominate at 66% of sales for urban delivery, while heavy-duty electric trucks are gaining traction for long-haul routes as highway charging improves.