ab Global Research owered by UBS Evidence Lab YES P 28 August 2025 China Heavy-Duty Truck Sector APAC Focus: China truck exports 2.0—electric truck a new growth driver China's e-truck sales were a beat in H125 with 80k units sold and 27% penetration in the domestic market. While the market is mostly focused on domestic sales, we are the first to identify the export market as the next growth driver of e-trucks, generating 20%/30% of incremental revenue/profit by 2030E and replicating the success of China bus ...