The Chinese mainland has achieved a monumental milestone in the new energy vehicle (NEV) sector, with both production and sales surpassing 12 million units in 2024. This remarkable achievement marks the tenth consecutive year that the region leads the global NEV market, according to the latest data released by the China Association of Automobile Manufacturers (CAAM).
In 2024, the Chinese mainland's NEV production reached an impressive 12.888 million units, while sales were slightly lower at 12.866 million units. This represents a significant year-on-year growth of 34.4% in production and 35.5% in sales, underscoring the rapid expansion and consumer adoption of electric vehicles in the region.
Moreover, NEV exports from the Chinese mainland have also shown robust growth, hitting 1.284 million units—a 6.7% increase compared to the previous year. This surge in exports further solidifies the mainland's leadership position in the global NEV market, contributing to the worldwide shift towards sustainable transportation solutions.
The sustained growth in both domestic production and international exports highlights the Chinese mainland's commitment to innovation and sustainability in the automotive industry. As the demand for environmentally friendly vehicles continues to rise globally, the Chinese mainland's NEV sector is poised to play a pivotal role in shaping the future of transportation.
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China's NEVs production, sales in 2024 hit record-breaking 12 million
cgtn.com
