The 2024 Beijing Auto Show, also known as the Beijing International Automotive Exhibition, was a vibrant display of innovation with nearly 1,000 exhibits. A standout feature was the remarkable 70% increase in new energy vehicles (NEVs), reaching a total of 278 models. This surge highlights China's rapidly expanding NEV market, which is increasingly capturing the attention of multinational carmakers.
In early April, NEV sales in the Chinese mainland hit a significant milestone, accounting for over 50% of all cars sold. This achievement underscores China's position as the world's largest and most competitive auto market. The auto show itself attracted an impressive 892,000 visitors over its 10-day run, reflecting the growing public interest in sustainable automotive technologies.
A recent report from the International Energy Agency (IEA) aligns with these trends, forecasting that more than 20% of global car sales this year will be electric. The IEA anticipates a continued surge in demand for EVs over the next decade, which is expected to significantly reduce oil consumption in road transport.
\"At the Beijing auto show, there's no doubt there is no interest in gasoline vehicles anymore. Everyone is looking for the latest technologies in intelligence and electrification,\" said William Li, founder and CEO of Chinese EV maker Nio. His statement encapsulates the shift towards smarter, more sustainable transportation solutions.
The 2024 Beijing Auto Show not only showcased the latest advancements in NEV technology but also reinforced China's leadership in the global shift towards electric mobility. As the market continues to evolve, the opportunities for innovation and growth within the global automotive landscape remain promising.
Reference(s):
Beijing Auto Show revs up global confidence in Chinese NEV market
cgtn.com
