Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Deep Fundamental Analysis

Energy Transition | AI | Shifting World Order, Mint Finance

Amrutha Raj

Energy Transition | AI | Shifting World Order

Thematic (Sector/Industry)

China Transportation infrastructure / Thematic (Sector/Industry)

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<li>From January to August 2024, LNG trucks captured 42% of China’s heavy-duty truck market, up from 9% in 2022. This is expected to displace 8% of diesel demand this year. </li>
<li>China’s diesel demand dropped 11% YoY in H1 2024 and is expected to fall 2%-7% in H2, while LNG consumption is projected to rise 7.7% YoY in 2024.</li>
<li>In 2023, LNG truck sales surged 307% YoY to 152,000 units, with sales up another 104% in H1 2024, driving an 8.7% increase in natural gas consumption. </li>
</ul>


From January to August 2024, LNG trucks captured 42% of China’s heavy-duty truck market, up from 9% in 2022. This is expected to displace 8% of diesel demand this year. 
China’s diesel demand dropped 11% YoY in H1 2024 and is expected to fall 2%-7% in H2, while LNG consumption is projected to rise 7.7% YoY in 2024.
In 2023, LNG truck sales surged 307% YoY to 152,000 units, with sales up another 104% in H1 2024, driving an 8.7% increase in natural gas consumption. 


Structural Shift in China’s Energy Mix (Part 2, LNG Trucks)