Why are dump trucks so expensive?

‌The main reasons for the high price of dump trucks include their high quality, high performance, and specific market demand. ‌

‌High quality and high performance‌: Dump trucks are generally well-received for their excellent quality and performance. These vehicles are well-equipped, durable, and have a strong load-bearing capacity, which can easily cope with the needs of long-distance transportation. For example, the Foton Era 728 dump truck is known for its high quality and strong load-bearing capacity. This high quality and performance increase will naturally lead to an increase in costs, which is reflected in the selling price. ‌

Specific market demand‌: Certain types of dump trucks, such as hydrogen fuel cell dump trucks, are sold at a higher price. The production cost of such vehicles is quite high, mainly due to high material costs, huge technical research and development costs, increased manufacturing complexity, lagging infrastructure construction, lack of economies of scale, and strict safety standards. The production of hydrogen fuel cell vehicles requires the use of precious metals such as platinum and iridium as catalysts, and also needs to meet extremely high safety standards, which increases production costs. In addition, since the number of hydrogen fuel filling stations is relatively limited, building more filling stations requires huge capital investment, which has also become a reason for the high price of dump trucks. ‌

‌Market supply and demand‌: In some areas, fuel trucks are being replaced by new energy vehicles due to increased environmental protection requirements. This has led to an increase in market demand for hydrogen fuel cell vehicles, while supply is relatively limited, pushing up prices. For example, the price of a hydrogen fuel cell dump truck can reach 1.67 million yuan, which is the price of an imported model if used to buy a fuel vehicle.

The high price of dump trucks is mainly due to their high quality, high performance, specific market demand and technical costs. With the advancement of technology and the expansion of the market scale, these costs are expected to be reduced, making the price of dump trucks more reasonable.‌