China's food cold‑chain logistics demand reached 200 mln tonnes in 1H, up 4.7%
YoY (0.3pp faster). Service revenue was 290.18 bln yuan, up 3.7% YoY.
Refrigerated truck sales in 1H were 42,111 units (+42.9% YoY); new‑energy
refrigerated truck sales were 20,285 units (+92.3% YoY), giving NEV penetration
of 48.2% (up 12.4pp YoY). Quarterly NEV penetration rose to 54.7% in Q2,
surpassing conventional‑fuel models and indicating accelerated green capacity
adoption in cold‑chain transport.
