Surging electric truck adoption in China is beginning to challenge liquefied natural gas (LNG) in the heavy-duty transport segment, with implications for future fuel demand. Sales of battery-powered heavy trucks reportedly tripled in 2025 from a year earlier to more than 230,000 units, according to CVNews data cited by Bloomberg, underscoring a rapid shift away from conventional petroleum products. While LNG-powered trucks are still gaining ground and displacing diesel and gasoline, the accelerating move toward electrification raises questions over the durability of LNG’s growth trajectory in China’s road freight sector, which has been a key pillar of expected demand for Natural Gas (CM:NG).
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Against this structural backdrop, CM:NG has gained about 21.1% over the past month, reflecting tighter market conditions and continued expectations for robust demand across power generation, industry, and transport, even as the long-term outlook for LNG in heavy road haulage becomes more uncertain. From a short-term trading perspective, the 1-day technical analysis signal for CM:NG stands at Buy, indicating positive near-term momentum despite emerging medium- to long-term competitive pressures from China’s expanding electric truck fleet.
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