Hanma Technology’s latest sales report shows outstanding performance in the new energy heavy-duty truck market. From January to May this year, the production and sales of electric medium and heavy-duty trucks increased by 77.60% and 70.67% year-on-year, respectively, while the production and sales of methanol-hydrogen power systems increased by 113.38% and 92.75% year-on-year. Both business segments achieved rapid growth, demonstrating their excellence in the new energy heavy-duty truck market.
Empowerment by Farizon New Energy Commercial Vehicle Group
With comprehensive support from Farizon New Energy Commercial Vehicle Group, Hanma Technology has established a technological development route of “smart electric + methanol-hydrogen ecosystem.” This has allowed the traditional advantages of electric medium and heavy-duty trucks to develop rapidly, while the methanol-hydrogen business has also started to gain momentum this year, showcasing the vitality brought about by the company’s transformation. With the implementation of various national and local policies encouraging the development of new energy vehicles, Hanma Technology shows great growth potential.
New Product Matrix and Market Launch
Hanma Technology’s entire vehicle product matrix has been fully updated, with methanol-hydrogen electric products gradually being introduced to the market. Farizon’s Xinghan G and Farizon X7 methanol-hydrogen electric series products have been repeatedly rolled off the production line and introduced to the market at Hanma Technology, with Farizon Xinghan H also entering the first batch of production. The methanol-hydrogen electric series products will be one of the most important driving forces for Hanma Technology’s future performance growth.
Advantages of Methanol-Hydrogen Electric Technology
Farizon New Energy Commercial Vehicle Group’s unique strategic technology route includes methanol-hydrogen electric heavy-duty trucks, which use methanol as an energy supply mode. Through an efficient and innovative methanol-electric conversion system, they achieve online charging and enjoy the green license plate rights of new energy vehicles. The Farizon Xinghan G methanol-hydrogen electric tractor has a maximum range of up to 1,500 kilometers, comfortably meeting the diverse demands of commercial vehicle scenarios. Compared to pure electric charging, methanol refueling is convenient and flexible, avoiding the heavy investment costs and long payback periods of charging stations. It can cover a wide range of scenarios including long-haul logistics, short-haul transport, urban delivery, and engineering vehicles. Heavy-duty trucks equipped with methanol-hydrogen electric systems have advantages in terms of range, refueling, operation, and profitability compared to pure electric heavy-duty trucks, and they have a very broad market prospect.
Expansion to Non-Road Applications
In addition to road vehicles, Hanma Technology’s methanol-hydrogen engine product line has also expanded to non-road fields such as ships, generator sets, and construction machinery. Its significant economic, reliability, and environmental advantages have gradually been recognized by the market, with orders growing rapidly, further boosting Hanma Technology’s operational performance.
Policy Benefits and Market Prospects
Recently, the State Council issued the “2024-2025 Energy Saving and Carbon Reduction Action Plan,” which improves the control of total energy consumption and intensity, focuses on controlling fossil energy consumption, strengthens carbon emission intensity management, and implements energy-saving and carbon reduction actions by field and industry. This policy will positively promote the development of the domestic new energy heavy-duty truck market and will be a major benefit for new energy commercial vehicle listed companies represented by Hanma Technology.
Overall, Hanma Technology’s rapid development in the new energy heavy-duty truck sector, combined with its “smart electric + methanol-hydrogen ecosystem” technology route and support from national policies, shows immense growth potential and a broad market prospect.
