Huatai Securities: "Implementation plan to promote the large-scale application of new energy heavy-duty trucks" benefits domestic power battery and green hydrogen industry chain.

Huatai Securities research report pointed out that on June 11, the Ministry of Transport, the National Development and Reform Commission, and eleven other departments jointly issued the "Implementation Plan to Promote the Large-scale Application of New Energy Heavy Trucks", clearly stating that by 2030, the sales penetration rate of new energy heavy trucks will reach 40%, the stock will exceed 1.6 million vehicles, and the proportion will reach approximately 20%. Huatai believes that the document is the first nationwide quantitative target for heavy trucks, a high energy-consuming and high battery-intensive sector in China, and includes the construction of infrastructure such as charging and swapping stations in the overall planning, to achieve coordinated promotion in multiple scenarios and technologies, benefiting the domestic power battery and green hydrogen industry chain.