China has made a significant leap in the automotive sector, achieving a remarkable 32% year-over-year growth in the sales of new energy vehicles (NEVs) during the first half of 2024. According to Xinhua, the China Association of Automobile Manufacturers reported that NEV sales reached 4.94 million units, while production soared to 4.93 million units, marking a 30.1% increase compared to the previous year.
Overall, China's automobile production and sales have also seen substantial growth, with approximately 13.89 million units produced and 14.04 million units sold from January to June. This represents a year-over-year increase of 4.9% in production and 6.1% in sales.
The surge in NEV sales reflects a growing consumer preference for sustainable and technologically advanced vehicles. Online discussions highlight this trend, with netizens celebrating the impressive sales growth and expressing their intentions to switch to NEVs. One user remarked, \"The sales growth rate is astounding! That means consumers' willingness to buy new energy vehicles is increasing!\" Another added, \"New energy vehicles are becoming more popular, and I'm planning to get one too!\"
Beyond domestic enthusiasm, China's NEVs are gaining traction in the global market. International consumers are attracted to the advanced technology and competitive pricing of Chinese electric cars, positioning China as a formidable player in the global NEV landscape.
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China achieves 32% sales growth in NEV for first half of 2024
cgtn.com
