On November 14, 2024, CCTV news reported that China's annual output of new energy vehicles exceeded 10 million for the first time, becoming the first country in the world to reach an annual production of 10 million new energy vehicles. This milestone not only marks China's technological progress and market expansion in the field of new energy vehicles, but also indicates that the green transformation of the global automotive industry is accelerating.
1. The history of production growth
Since it was included in the statistical system in 2013, China's new energy vehicle production has started from 18,000 units, reached one million units in 2018, and then exceeded five million units in 2022, until it exceeded 10 million units on November 14, 2024. This growth rate not only reflects China's technology accumulation and market expansion capabilities in the field of new energy vehicles, but also demonstrates China's leading position in the global automotive industry.
Picture: CCTV News reported that China's annual production of new energy vehicles exceeded 10 million units
2. Driven by both technology and market
The rapid development of new energy vehicles in China has benefited from continuous technological breakthroughs and wide acceptance by the market. At the technical level, Chinese companies have made remarkable progress in core technology fields such as batteries, motors, and electronic controls. For example, companies such as BYD have been global leaders in power battery research and development and industrial application. At the market level, the Chinese government's policy support and consumers' increasing emphasis on environmentally friendly travel methods have jointly promoted the popularization of new energy vehicles.
3. Synergies between policy and market
The Chinese government's series of policies in the field of new energy vehicles, such as subsidies, tax incentives, charging infrastructure construction, etc., have provided strong support for the development of the industry. At the same time, the positive response of the market, especially the increasing recognition of new energy vehicles by consumers, has also provided impetus for the rapid development of the industry.
4. Examples of specific data
China Exportsemi has compiled some specific data to help readers and friends quickly have a general understanding of the development status of China's new energy vehicle industry:
- Production growth: In 2013, the first year that China's NEV production and sales were included in the statistical system, production was only 18,000 units. In 2018, the annual output reached the millions. In 2022, the annual production will exceed 5 million units. On November 14, 2024, production exceeded 10 million units for the first time.
- Market share: China's new energy vehicle production and sales have ranked first in the world for nine consecutive years.
- Technological progress: Chinese companies are world leaders in the R&D and industrial application of power batteries.
- Policy support: The Chinese government's policy support and consumers' increasing emphasis on eco-friendly mobility have contributed to the adoption of new energy vehicles.
- Future forecasts: Experts estimate that China's production of new energy vehicles is expected to exceed 12 million by the end of 2024.
5. Editor's point of view
In the view of the editor of China Exportsemi, the breakthrough in China's new energy vehicle production is not only a digital growth, but also an improvement of China's status in the global automotive industry. Behind this achievement is the continuous investment and support of the Chinese government in the new energy vehicle industry, as well as the unremitting efforts of Chinese enterprises in technological innovation and market expansion. At the same time, it also reflects the trend of the transformation of the global automotive industry, that is, the transformation from traditional fuel vehicles to new energy vehicles.
The rapid growth of China's new energy vehicle production has also led to an increase in demand for charging infrastructure. This requires not only further policy support from the government, but also continuous investment in technological innovation and market services by enterprises. In addition, with the increase in the production of new energy vehicles, how to improve the recycling and reuse efficiency of batteries and reduce environmental pollution is also a challenge for China's new energy vehicle industry.
In short, the breakthrough in China's new energy vehicle production is not only a major affirmation of China's auto industry, but also an important promotion to the transformation of the global auto industry. This achievement is the result of China's joint efforts in technological innovation, market expansion, policy support and other aspects. Looking ahead, China's new energy vehicle industry is expected to continue to lead the world and make greater contributions to the sustainable development of the global automotive industry.
This achievement is the result of China's joint efforts in technological innovation, market expansion, policy support and other aspects. Looking ahead, China's new energy vehicle industry is expected to continue to lead the world and make greater contributions to the sustainable development of the global automotive industry.
6. Summary
All in all, China's annual output of new energy vehicles exceeded 10 million for the first time, which is not only a major affirmation of China's auto industry, but also an important promotion of the transformation of the global auto industry. This achievement is the result of China's joint efforts in technological innovation, market expansion, policy support and other aspects. Looking ahead, China's new energy vehicle industry is expected to continue to lead the world and make greater contributions to the sustainable development of the global automotive industry.
