China's HDT NEV penetration exceeded 50% for the 1st time this yr. The only other time it hit 50% mark was Dec of last yr, when yr end subsidy changes encouraged customers to buy early.

What happened: China's heavy duty truck NEV penetration exceeded 50% for the first time this year. The only other time it reached that mark was December of last year, when year end subsidy changes encouraged customers to buy early. Key numbers: NEV penetration above 50%. Prior instance was December of last year. Possible 60% level mentioned. Why it matters: The content states electrification is now solidly in the 50% range. It adds that if diesel prices stay high, penetration may reach 60%.

China's heavy duty truck NEV penetration exceeded 50% for the first time this year. The only other time it reached that mark was December of last year, when year end subsidy changes encouraged customers to buy early.

The content states electrification is now solidly in the 50% range. It adds that if diesel prices stay high, penetration may reach 60%.