1. Industry scale continues to expand, sales hit record highs
Amid the global automotive industry’s shift toward electrification, China’s new energy vehicle industry is entering a new phase of rapid
development. According to the latest data from the China Association of Automobile Manufacturers (CAAM), sales of new energy vehicles in China reached 6.968 million units in the first half of 2024, a year-on-year increase of 41.4%. This growth momentum not only reflects strong domestic demand for new energy vehicles but also lays the foundation for expansion into the international market.
Against this backdrop, China’s new energy vehicle exports have also performed well. In the first half of this year, exports reached 1.06 million units, a year-on-year increase of 75.2%. This data demonstrates that China’s new energy vehicles are rapidly expanding globally and becoming a significant player in the global market. With the rise of domestic brands such as BYD and Geely, Chinese automakers are leveraging their strong technological capabilities and market acumen to seize opportunities in the international market.
2. Technological innovation drives intelligent development
Technological innovation is the core driving force behind the rapid development of China’s new energy vehicle industry. In recent years, with the continuous strengthening of electrification foundations, the average vehicle range has approached 500 kilometers, and fast-charging technology, which can charge 80% of the battery in 15 minutes, has entered mass production. Furthermore, continuous breakthroughs in intelligent technology have resulted in over half of all new passenger cars featuring Level 2 combined assisted driving features.
BYD officials stated that the company will invest 100 billion yuan in developing intelligent technologies that integrate artificial intelligence with automotive, striving to achieve comprehensive intelligent advancements in the entire vehicle sector. This strategy will not only drive BYD’s further development in the intelligent field, but will also bring about changes to the entire industry.
Furthermore, collaboration among automakers is accelerating. GAC Group stated that as new energy vehicles enter a new stage of intelligent development, companies need to further strengthen collaborative innovation across the industry chain to stimulate greater innovation. This cross-sector collaboration will drive the overall upgrade of the new energy vehicle industry and enhance market competitiveness.
3. Regulate market competition and promote sustainable development
As the new energy vehicle industry rapidly develops, the market competition landscape is also undergoing profound changes. Wang Yao, Deputy Chief Engineer of the China Association of Automobile Manufacturers, noted that future competition among new energy vehicle companies will shift from single-product competition to ecosystem competition. Companies need to improve their overall competitiveness, while the government needs to strengthen guidance for the industry, encouraging differentiated development and avoiding homogenous competition.
To this end, various departments are actively taking action to promote healthy competition in the new energy vehicle market. Wang Yao stated that based on the strong performance in the first half of the year and the momentum in the second half, new energy vehicle sales are expected to reach 16 million units in 2025, with new vehicle sales accounting for over 50% of the total. This forecast not only instills confidence in the industry’s development but also provides more choices for global consumers.
Against this backdrop, we sincerely invite consumers worldwide to explore the Chinese new energy vehicle market and experience the quality and innovation of Chinese vehicles. We offer direct sourcing opportunities from Chinese automakers, ensuring you can purchase high-quality Chinese new energy vehicles at the most competitive prices. Seize this historic opportunity and become part of the global new energy vehicle wave.
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Post time: Aug-16-2025