Workers are busy at a production line of new-energy vehicles (NEVs) in Jinhua, East China's Zhejiang Province on July 2, 2024. The volume of NEV production is rising driven by growing demand. Zhejiang is striving to produce more than 1.2 million NEVs annually, or more than 60 percent of the province's total automobile production, by 2025, and its NEV output will account for about 10 percent of the country's total. Photo: VCG
China produced and also sold over 12 million new-energy vehicles (NEVs) in 2024, leading the global NEV market for the 10th straight year, according to data from China Association of Automobile Manufacturers (CAAM) showed on Monday.
CAAM has predicts that China's total automobile sales are likely to reach 32.9 units in 2025, marking a growth of 4.7 per cent over a year earlier. Of the sales, NEV consumption are expected to reach 16 million units, up 24.4 per cent year-on-year.
In 2024, NEV output and sales stood at 12.89 million and 12.87 million units, respectively, up 34.4 percent and 35.5 percent year-on-year, accounting for 40.9 percent of all new car sales in the country.
NEV exports increased by 6.7 per cent to reach 1.28 million units in 2024, cementing China's position as the global leader in the NEV sector, the association reported.
Last year, China's automobile production and sales grew steadily, both setting new records with auto production and sales above the 30-million-unit threshold, according to the CAAM.
Global Times
