Big milestone: NEV sales lead all segments
4 months, 1 week ago

Big milestone: NEV sales lead all segments

China Daily  

Export-bound NEVs await shipment in Xiamen, Fujian province. Retail sales of NEVs nationwide reached 878,000 units in July, accounting for 51.1 percent of the total market, according to data released by the China Automobile Dealers Association. The market penetration rate exceeding 50 percent marked a solid step toward accomplishing the government's target of making electric vehicles the mainstream of new automobile sales by 2035. "Demand-driven market rather than policy-driven market has become the main factor boosting the sales of domestic NEVs," said Liu Jia, an electronics and automotive analyst of Nomura Orient International Securities. "Although electric vehicles in overseas markets have performed not as expected this year, foreign automakers, such as Japanese and European ones, still increased their NEV investment in expectation of big future changes," Liu said.

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History of this topic

China's auto sector achieves strong growth in November
1 week, 6 days ago

China's auto sector achieves strong growth in November

China Daily  

Xinhua | Updated: 2024-12-12 11:21 Chinese new energy vehicle startup Leapmotor showcases its models at the 2024 Guangzhou auto show in November. CAO YINGYING/CHINA DAILY BEIJING -- China's auto production rose 11.1 percent year-on-year to 3.44 million units in November 2024, while sales climbed 11.7 percent from a year earlier to 3.32 million units, industrial data showed Wednesday. In the …

Nation poised to hold more than half of global EV fleet by 2025
3 weeks, 5 days ago

Nation poised to hold more than half of global EV fleet by 2025

China Daily  

By Liu Yukun | China Daily | Updated: 2024-11-29 08:59 Potential car buyers check out an NEV in Xiangyang, Hubei province. YANG DONG/FOR CHINA DAILY International consulting firm Gartner recently forecast that global electric vehicle ownership would rise significantly to hit 85 million by 2025, with China accounting for over half of the global EV fleet. Experts highlight that as …

China's NEV boom boon for global auto sector
1 month ago

China's NEV boom boon for global auto sector

China Daily  

An eVTOL is on display at the seventh China International Import Expo in Shanghai on Nov 7. ZHANG WEI/CHINA DAILY "We aim for the technologies developed in China to influence our R&D approach worldwide, enhancing products and technologies that can be applied across global markets," said Xu. "China's manufacturing sector has matured significantly, providing a strong foundation for us to …

China's NEV boom boon for global auto sector
1 month ago

China's NEV boom boon for global auto sector

China Daily  

A Sitrak hydrogen fuel-cell heavy truck is on display at the automobile exhibition area during the seventh China International Import Expo in Shanghai on Nov 7. SHANGHAI — As the new energy vehicle boom continues in China, global players in related sectors are eyeing a vast array of opportunities and are exerting efforts to tap into this promising market. "China …

China's NEV boom boon for global auto sector
1 month ago

China's NEV boom boon for global auto sector

China Daily  

A Sitrak hydrogen fuel-cell heavy truck is on display at the automobile exhibition area during the seventh China International Import Expo in Shanghai on Nov 7. SHANGHAI — As the new energy vehicle boom continues in China, global players in related sectors are eyeing a vast array of opportunities and are exerting efforts to tap into this promising market. "China …

China's NEV boom boon for global auto sector
1 month ago

China's NEV boom boon for global auto sector

China Daily  

An eVTOL is on display at the seventh China International Import Expo in Shanghai on Nov 7. ZHANG WEI/CHINA DAILY "We aim for the technologies developed in China to influence our R&D approach worldwide, enhancing products and technologies that can be applied across global markets," said Xu. "China's manufacturing sector has matured significantly, providing a strong foundation for us to …

China's NEV boom boon for global auto sector
1 month ago

China's NEV boom boon for global auto sector

China Daily  

A Sitrak hydrogen fuel-cell heavy truck is on display at the automobile exhibition area during the seventh China International Import Expo in Shanghai on Nov 7. SHANGHAI — As the new energy vehicle boom continues in China, global players in related sectors are eyeing a vast array of opportunities and are exerting efforts to tap into this promising market. "China …

Latin America shows rising interest in Chinese NEVs
1 month ago

Latin America shows rising interest in Chinese NEVs

China Daily  

Workers assemble an electric bus motor at the BYD solar panel and electric bus chassis production facility in Campinas, Sao Paulo state, Brazil, in November last year. The advanced technology and competitive pricing of Chinese NEVs are rapidly translating into rising market share for China's automakers in Brazil and other Latin American countries in recent years. Data from the China …

Insiders: Partnerships crucial in driving NEV industry forward
Trending News
1 month, 2 weeks ago

Insiders: Partnerships crucial in driving NEV industry forward

China Daily  

A Porsche electric car on display at the ongoing China International Import Expo in Shanghai. ZOU HONG/CHINA DAILY Open and collaborative partnerships are the intrinsic forces for developing the global new energy vehicle industry, in order to drive technological advancements and tackle climate change, officials and executives said on Wednesday. China's NEVs not only provide diversified and cost-effective choices for …

Insiders: Partnerships crucial in driving NEV industry forward
Trending News
1 month, 2 weeks ago

Insiders: Partnerships crucial in driving NEV industry forward

China Daily  

A Porsche electric car on display at the ongoing China International Import Expo in Shanghai. ZOU HONG/CHINA DAILY Open and collaborative partnerships are the intrinsic forces for developing the global new energy vehicle industry, in order to drive technological advancements and tackle climate change, officials and executives said on Wednesday. China's NEVs not only provide diversified and cost-effective choices for …

New energy vehicles dominate delivery figures for first time
4 months, 1 week ago

New energy vehicles dominate delivery figures for first time

China Daily  

The 2024 L9 model displayed at the Li Auto booth attracts visitors' attention during the 21st Changchun International Auto Expo in Changchun, capital of Jilin province, in July. TANG KE/FOR CHINA DAILY Retail sales of new energy vehicles accounted for 51.1 percent of total passenger vehicle deliveries in China in July, outnumbering conventional internal combustion engine vehicles for the first …

China's passenger car exports up 28% in June
5 months, 2 weeks ago

China's passenger car exports up 28% in June

China Daily  

BYD vehicles bound for Brazil await shipment in Lianyungang, Jiangsu province. BEIJING - China's exports of passenger vehicles hit 378,000 units in June, marking a 28 percent increase year-on-year and staying flat compared to the previous month, the latest data showed. With the South American market recovering, exports of Chinese-brand cars hit 325,000 units in June, up 31 percent year-on-year, …

Sales boom enjoyed by Chinese marques
5 months, 2 weeks ago

Sales boom enjoyed by Chinese marques

China Daily  

Customers at a Li Auto store in Shenyang, Liaoning province, on June 15. Its first-half sales reached 1.61 million units, an increase of 28.46 percent year-on-year. In the first half, Geely's cumulative sales reached 955,700 units, a 41 percent year-on-year increase. Li Auto's first-half sales reached 188,981 units, ranking second among NEV startups, just after Huawei's Harmony Intelligent Mobility Alliance, …

Auto sales set to rise with new promotions
6 months ago

Auto sales set to rise with new promotions

China Daily  

A woman hosts a livestream for vehicles at an auto show on June 15. CHEN GUANYAN/CHINA NEWS SERVICE A million yuan of subsidies, half-price vehicles and other eye-catching promotions were provided by auto companies at this year's June 18 online shopping carnival, in efforts to capture consumer attention and stimulate auto sales. A report from Bocom International also forecast that …

China's NEV penetration to hit new high of 49.1% in June: survey
6 months ago

China's NEV penetration to hit new high of 49.1% in June: survey

China Daily  

A view of a charging station that utilizes photovoltaic storage systems in Yiyuan county, Shandong province, in May 2023. ZHU ZHENG/XINHUA BEIJING - The penetration rate of new energy vehicles in China, a gauge of popularity, is expected to hit a new high of 49.1 percent in June, as the market continues to grow steadily amid intensifying competition, an industry …

Chinese autos looking to meet global demand
6 months, 3 weeks ago

Chinese autos looking to meet global demand

China Daily  

Consumers experience a BYD electric vehicle at a dealership in Mengzi, Yunnan province, in May. Due to cost-effectiveness, improved quality and efficient after-sales service, Chinese new energy vehicles have steadily gained a larger market share by offering affordable solutions to green transition drives in more countries, especially developing economies. Most recently, Chinese NEVs and auto parts manufacturers are increasingly setting …

Chinese autos looking to meet global demand
6 months, 3 weeks ago

Chinese autos looking to meet global demand

China Daily  

Consumers experience a BYD electric vehicle at a dealership in Mengzi, Yunnan province, in May. Due to cost-effectiveness, improved quality and efficient after-sales service, Chinese new energy vehicles have steadily gained a larger market share by offering affordable solutions to green transition drives in more countries, especially developing economies. Most recently, Chinese NEVs and auto parts manufacturers are increasingly setting …

China's new-energy sector draws interest of global investors
7 months ago

China's new-energy sector draws interest of global investors

China Daily  

Tesla showcases its charging piles and electric vehicles at the 2023 Consumer Technology and Innovation Show on May 30 in Shanghai. Experts said China's fast-growing green technologies and its thriving new-energy market have heightened the country's magnetism for foreign investors, particularly auto firms keen on turbocharging the electrification trend. "The influx of investments by international carmakers has shed light on …

Experts slam 'overcapacity' talk
7 months ago

Experts slam 'overcapacity' talk

China Daily  

Employees work at an auto production facility in Jinhua, Zhejiang province, in April. BEIJING — China's booming new energy vehicle sector recently drew scrutiny for purported "Chinese overcapacity" from certain Western nations. As a proactive response to the global green and low-carbon transition, China's thriving sectors like NEVs, wind power and photovoltaics have gained more prominence, Huo said. Huo noted …

Powering the future, today
7 months, 1 week ago

Powering the future, today

China Daily  

WANG XIAOYING/CHINA DAILY Editor's note: The world has undergone many changes and shocks in recent years. For this purpose, the China Watch Institute of China Daily and the National Institute for Global Strategy, Chinese Academy of Social Sciences, jointly present this special column: The Global Strategy Dialogue, in which experts from China and abroad will offer insightful views, analysis and …

China unveils plan to galvanize NEV uptake in rural areas
7 months, 1 week ago

China unveils plan to galvanize NEV uptake in rural areas

China Daily  

A robot operates equipment on the assembly line of an automaker in Xi'an, Shaanxi province. YUAN JINGZHI/FOR CHINA DAILY BEIJING - China's Ministry of Industry and Information Technology, in collaboration with four government bodies, has launched a nationwide campaign to bolster the new energy vehicle uptake in China's rural areas. The NEV rural promotion catalog features an impressive array of …

NEV makers move fast in China leveraging innovation, cooperation
7 months, 1 week ago

NEV makers move fast in China leveraging innovation, cooperation

China Daily  

Employees work on the assembly line of a new energy vehicle manufacturer in Chongqing. TANG YI/XINHUA HEFEI -- Fierce competition has driven up technological innovation and industrial upgrading in China's new energy vehicle sector, with auto brands revving up investment and seeking cooperation. China's NEVs captured a 62-percent share of the global NEV market in the first two months of …

Mood toward NEV stocks brightens
7 months, 2 weeks ago

Mood toward NEV stocks brightens

China Daily  

A BYD Ocean-M electric car is displayed at the 2024 Auto China in Beijing on April 25, 2024. The trade-in plan is expected to spur demand from Chinese car buyers who adopted a wait-and-see stance in the previous months, said Yin Xinchi, chief auto and parts industry analyst at CITIC Securities. Of the cars that will be eventually traded in, …

Feeling pulse of China's tight NEV market from success of newcomer
7 months, 3 weeks ago

Feeling pulse of China's tight NEV market from success of newcomer

China Daily  

Xiaomi CEO Lei Jun speaks during a news conference at the 2024 Beijing International Automotive Exhibition in Beijing, on April 25. In addition to leading NEV manufacturer BYD and domestic up-rising stars such as Li Auto, NIO and Xpeng, a newcomer born from China's smartphone maker Xiaomi has stirred up a new wave of NEV frenzy. Seeing from Xiaomi's successful …

Is there overcapacity in China's EV sector?
8 months, 2 weeks ago

Is there overcapacity in China's EV sector?

China Daily  

Visitors look at an electric MG Cyberster during the 45th Bangkok International Motor Show in Bangkok, Thailand on March 27. Purely electric vehicles account for over 70 percent of China's new energy vehicle sales. "The production and sales growth is basically synchronized, indicating the strong demand and vitality of China's electric vehicle market," said Kong Dongmin, a professor in economics …

NEV makers encouraged to speed up overseas development
8 months, 2 weeks ago

NEV makers encouraged to speed up overseas development

China Daily  

Visitors look at an electric MG Cyberster during the 45th Bangkok International Motor Show in Bangkok, Thailand on March 27. China will step up efforts to encourage its new energy vehicle companies to accelerate their overseas development, said an official at the Ministry of Industry and Information Technology, warning that the restrictive measures imposed by a "certain country and region" …

Car sales accelerate in March
8 months, 2 weeks ago

Car sales accelerate in March

China Daily  

Employees inspect new energy vehicles on the assembly line of Li Auto's workshop in Changzhou, Jiangsu province, in December. Geely Auto, which owns namesake Geely as well as Lynk & Co and Zeekr, saw its March sales grow 39 percent year-on-year to 150,800 units. Though the growth figures were not as impressive as other major carmakers, a breakdown shows that …

Sales growth forecast despite dip in February
9 months, 1 week ago

Sales growth forecast despite dip in February

China Daily  

Vehicles are lined up for export in the Haitong International Automotive Terminal in Taicang Port, Jiangsu province, on Dec 1. Data from the China Association of Automobile Manufacturers showed that China's auto sales reached 1.58 million units in February, down 19.9 percent year-on-year and 35.1 percent month-on-month. Car sales rose 11.1 percent year-on-year to 4.03 million units during the first …

NEV brands need to accelerate internationalization
10 months ago

NEV brands need to accelerate internationalization

China Daily  

Employees work on the assembly line of a new energy vehicle manufacturer in Chongqing. It should be seen that every one in three exported automobiles from China, 4.91 million units last year to be precise, is an electric car, which contributes significantly to the world's green and low-carbon transition. The NEV industry, characterized by electrification and intelligent technology, is a …

January blues driven away as EV sales go up
10 months, 2 weeks ago

January blues driven away as EV sales go up

China Daily  

Seres showcases the AITO M5 at the Chengdu auto show in August. Shanghai-listed Seres said its NEV sales in January soared 654 percent year-on-year, primarily driven by AITO-branded vehicles. The number of NEV charging facilities in China grew 65 percent year-on-year in 2023, reaching almost 8.6 million by the end of the year, said Zhang Xing, the National Energy Administration's …

NEV industry booming in Southwest Chinese city
11 months ago

NEV industry booming in Southwest Chinese city

China Daily  

An employee works on a production line of Changan Automobile in Chongqing in July. CHONGQING - Southwest China's Chongqing municipality, a key hub of the country's auto industry, registered a rapid growth in new energy vehicle production in 2023. More than 500,000 NEVs rolled off the production lines in Chongqing last year, up 30.3 percent from the previous year, according …

Changan's sales to reach 2.8 million units in 2024
11 months, 1 week ago

Changan's sales to reach 2.8 million units in 2024

China Daily  

Changan unveils its growth plan at the 2024 Changan Auto Global Partnership Conference on Jan 16, 2024. Chinese carmaker Changan said on Tuesday that its expects sales this year to reach 2.8 million units, up 9.7 percent year-on-year. It had seen sales grow steadily over the past years, from 2 million units in 2020 to 2.55 million units last year, …

How China works: Chinese NEVs going global
1 year ago

How China works: Chinese NEVs going global

China Daily  

When it comes to new energy vehicles, you are probably familiar with the concept. More people have begun to choose new energy vehicles as a means of transportation. In recent years, China's new energy vehicle industry has moved quickly and steadily, ranking first in the global production and sales of new energy vehicles for eight consecutive years, and creating a …

How China works: Chinese NEVs going global
1 year ago

How China works: Chinese NEVs going global

China Daily  

When it comes to new energy vehicles, you are probably familiar with the concept. More people have begun to choose new energy vehicles as a means of transportation. In recent years, China's new energy vehicle industry has moved quickly and steadily, ranking first in the global production and sales of new energy vehicles for eight consecutive years, and creating a …

How China works: Chinese NEVs going global
1 year ago

How China works: Chinese NEVs going global

China Daily  

When it comes to new energy vehicles, you are probably familiar with the concept. More people have begun to choose new energy vehicles as a means of transportation. In recent years, China's new energy vehicle industry has moved quickly and steadily, ranking first in the global production and sales of new energy vehicles for eight consecutive years, and creating a …

NEV sector eyes cooperative growth from closer partnerships
1 year ago

NEV sector eyes cooperative growth from closer partnerships

China Daily  

China's new energy vehicle supply chain actively seeks enhanced cooperation with global partners despite the recent rise in regulatory scrutiny in Chinese electric vehicles, according to companies at a major Chinese expo focusing on supply chains. "We always maintain an open and cooperative attitude, working hand in hand with global partners to jointly explore broad market prospects," said Victor Yang, …

China: Car Sales Witness Growth by 2 Percent in Aug 2023
1 year, 3 months ago

China: Car Sales Witness Growth by 2 Percent in Aug 2023

News 18  

China’s passenger vehicle sales returned to growth in August year-on-year, as deeper discounts and tax breaks for environmentally friendly and electric vehicles boosted consumer sentiment even as economic growth remains weak. Car sales jumped 2.2% in August from the same month a year ago to 1.94 million units, data from the China Passenger Car Association showed on Friday, the first …

Electric vehicle sales gain traction in rural areas
1 year, 5 months ago

Electric vehicle sales gain traction in rural areas

China Daily  

Workers make NEV charging facilities in Huzhou, Zhejiang province. Cui, from the China Passenger Car Association, said the stimuli show the importance the central government attaches to the booming NEV sector. The China Passenger Car Association estimates that sales of passenger NEVs are expected to reach 8.5 million units this year, accounting for 36 percent of total vehicle sales in …

New car sales boom in first 6 months of year
1 year, 5 months ago

New car sales boom in first 6 months of year

China Daily  

Consumers inspect BYD's NEV models at a shopping mall in Beijing Chaoyang district on June 22. Automobile makers in China produced 13.25 million vehicles in the first half and delivered 13.24 million units, up 9.3 percent and 9.8 percent year-on-year, according to the China Association of Automobile Manufacturers. Statistics from the CAAM show that sales of China-made premium vehicles from …

Chinese auto brands on rise as they seize NEV opportunities
1 year, 5 months ago

Chinese auto brands on rise as they seize NEV opportunities

China Daily  

Vehicles lined up in a port in Yantai, Shandong province, for export overseas on July 6. TANG KE/FOR CHINA DAILY Executives speak of potential to snatch car market dominance at the China Auto Forum China's auto industry is experiencing a new phase of high-quality development, particularly in the field of new energy vehicles where it has established a competitive edge, …

Chinese auto brands on rise as they seize NEV opportunities
1 year, 5 months ago

Chinese auto brands on rise as they seize NEV opportunities

China Daily  

Vehicles lined up in a port in Yantai, Shandong province, for export overseas on July 6. TANG KE/FOR CHINA DAILY Executives speak of potential to snatch car market dominance at the China Auto Forum China's auto industry is experiencing a new phase of high-quality development, particularly in the field of new energy vehicles where it has established a competitive edge, …

Big overseas potential for China's EV makers
1 year, 5 months ago

Big overseas potential for China's EV makers

China Daily  

Visitors take a closer look at a BYD Atto 3 at the Brussels auto show in January. ZHENG HUANSONG/XINHUA Institute leveraging its advantages to bolster international collaboration opportunities Chinese carmakers are speeding up their efforts to explore overseas markets with their advantage in the new energy vehicle sector, which will help the country's vehicle exports to hit a record this …

China extends NEV purchase tax breaks
1 year, 6 months ago

China extends NEV purchase tax breaks

China Daily  

Xpeng showcases one of its models at the Consumer Technology and Innovation Show in May in Shanghai. China will extend purchase tax breaks on new energy vehicles to the end of 2027, according to a statement issued by the Ministry of Finance, the State Taxation Administration and the Ministry of Industry and Information Technology on Wednesday. The NEVs bought from …

Policy on purchase tax of NEV to optimize
1 year, 6 months ago

Policy on purchase tax of NEV to optimize

China Daily  

A BYD car rolls off the production line in Hefei, Anhui province, on June 30, 2022. China will extend and optimize the policy to reduce or waive purchase taxes on new energy vehicles amid efforts to promote high-quality development of the NEV industry and tap greater consumption potential, according to decisions made at a State Council executive meeting chaired by …

Policy aims to rev up rural NEV sales
1 year, 6 months ago

Policy aims to rev up rural NEV sales

China Daily  

Measures call for promoting green vehicles, charging infrastructure The latest policy measures to bolster the development of new energy vehicles and charging facilities in rural areas have boosted automakers' confidence, with officials and business leaders highlighting the immense potential of the rural market to shore up the growth of the sector. The government will encourage NEV manufacturers to further develop …

Policy aims to rev up rural NEV sales
1 year, 7 months ago

Policy aims to rev up rural NEV sales

China Daily  

SHI YU/CHINA DAILY Measures call for promoting green vehicles, charging infrastructure The latest policy measures to bolster the development of new energy vehicles and charging facilities in rural areas have boosted automakers' confidence, with officials and business leaders highlighting the immense potential of the rural market to shore up the growth of the sector. The government will encourage NEV manufacturers …

End of subsidies won't put brakes on 2023 EV sales as demand revved up
1 year, 11 months ago

End of subsidies won't put brakes on 2023 EV sales as demand revved up

China Daily  

Employees work on the production line of a carmaker in Yuncheng, Shanxi province. Sales of new energy vehicles in China may hit a speed bump in early 2023 following the withdrawal of yearslong subsidies, but the sector will maintain rapid growth for the whole year, said experts. In the first half of January, automakers sold 187,000 NEVs at wholesale prices, …

China’s 2022 auto sales rise 9.5% but growth weakening
1 year, 11 months ago

China’s 2022 auto sales rise 9.5% but growth weakening

Associated Press  

BEIJING — China’s auto sales rose 9.5% last year as electric vehicle purchases nearly doubled, but demand in the global industry’s biggest market slumped in December, foreshadowing weaker growth this year, a trade group reported Thursday. In December, sales fell 6.7% from a year earlier to 2.3 million as consumer spending weakened under pressure from anti-virus restrictions that kept millions …

Experts discuss auto industry transformation, upgrading
2 years, 8 months ago

Experts discuss auto industry transformation, upgrading

China Daily  

Experts discuss auto industry transformation, upgrading Updated: 2022-04-20 english.liangjiang.gov.cn Liangjiang New Area in Southwest China's Chongqing municipality held a convention on the transformation, upgrading and high-quality development of the automobile industry on April 19. Luo Lin, director of the new area's administrative committee, said Chongqing has leveraged market opportunities as one of China's major automobile manufacturing hubs. Luo Junmin, deputy …

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