10 months, 2 weeks ago

The power source of China's new energy industry

A view of Chinese carmaker BYD's assembly line of new energy vehicles in Zhengzhou, Henan province. These lively scenes vividly depict the robust growth of China's new energy sector, igniting global curiosity about its unprecedented ascent. In 2023, both production and sales of China's new energy vehicles exceeded 9 million units, maintaining its position as the global leader for nine consecutive years. Exports of new energy vehicles soared by 77.6 percent, reaching 1.203 million units and solidifying China's position as a key driver of the global automotive industry's green transformation. China's momentum in emerging industries also derives from fostering technological breakthroughs and innovative business models through intense market competition.

China Daily

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