Xin Guobin, Vice Minister of the Ministry of Industry and Information Technology, pointed out at a press conference on the "High-Quality Fulfillment of the 14th Five-Year Plan" organized by the State Council Information Office on the 9th that China's new energy vehicle production surpassed 13 million units last year, maintaining the number one position globally in production and sales for ten consecutive years.
"New energy vehicles are an important direction for the green development and transformation and upgrading of the global automobile industry. They are also the only way for our country to move from being a major automobile country to becoming an automobile powerhouse," Xin Guobin said. The sales share of new energy vehicles increased from 5.4% in 2020 to 40.9% last year. Last year, total vehicle consumption of new energy vehicles exceeded 2 trillion yuan (1.18 trillion ringgit), vigorously driving the rapid development of the upstream and downstream industrial chain and related industries, creating enormous economic and social benefits, and making an important contribution to high-quality economic development.
Data recently released by China’s National Development and Reform Commission shows that in 2024, the total number of new energy vehicles in China reached 31.4 million, more than five times the number at the end of the 13th Five-Year Plan.
According to the latest data from the Ministry of Public Security, as of the end of June this year, the total number of new energy vehicles in China reached 36.89 million, accounting for 10.27% of the total number of vehicles nationwide. In the first half of the year, 5.622 million new energy vehicles were newly registered, an increase of 27.86% over the same period last year, setting a new record high.
According to the China Industrial Economy Information Network, since 2021, China's new energy vehicle development momentum has been strong, with annual production and sales growth exceeding 30% for four consecutive years. One of the key reasons is that China possesses a strong and complete new energy vehicle industry system. At present, China has formed an intelligent new energy vehicle industry chain covering raw material supply, battery production, vehicle manufacturing, charging and swapping infrastructure construction, etc. "The efficiency of producing one new energy vehicle per minute is precisely the result of the high coordination and efficient operation of the industrial chain."
In addition, Chinese consumers are increasingly receptive to new energy vehicles, with consumer demand continuing to be unleashed.
Xin Guobin expressed that in the future, further improvements will be made to support policies, strengthen technological breakthroughs in key core areas, regulate industry competition order, and continue to promote high-quality industry development.