March 2026 Newsletter
Hello everyone, I hope this message finds you well. I trust operations with your heavy-duty vehicles have not been overly affected by recent rises in fuel prices. Affected by ongoing tensions in the Middle East, diesel prices in China have risen by 10.5% since the start of 2026, reaching approximately US$1.19 per litre. This has not only increased the cost of road transportation but also strengthened the Chinese government’s resolve to accelerate the electrification of commercial vehicles. Authorities plan to continue promoting the replacement of older diesel trucks, while further expanding electrification in urban logistics and public transport. At the same time, China’s updated commercial vehicle fuel consumption standards officially took effect in January 2026. Under the new regulation, the fuel consumption limits for heavy-duty trucks have been tightened by 12% to 16%, significantly raising efficiency requirements for internal combustion powertrains. Across Asia, countries are also accelerating their shift toward electrification: Japan requires that 30% of newly... Read More