In 2024, the status of new energy vehicles in China will be further enhanced, and new energy vehicles will become the “new engine” driving high-quality economic and industrial development. The international industrial competition pattern has entered a period of deep reshaping, and 2024 is a critical stage in defining the next generation of automotive products. Factors such as the Chinese market, technology, and platforms will play an important role in leading the global industrial transformation.
The status of new energy vehicles in China will be further enhanced in 2024
China continues to maintain its position as the world’s largest consumer market for new energy vehicles. In 2023, global sales of new energy vehicles reached 14.653 million units, with 9.495 million, 1.468 million, and 2.948 million units sold in China, the United States, and Europe respectively, with China accounting for over 60% of the market; It is expected that global sales of new energy vehicles will exceed 20 million units by 2024, with China still contributing 60% of global sales.
In defining the next generation of automobiles, there will be an increasing number of Chinese factors, with key technologies and production levels such as batteries, motors, and intelligent cockpits leading globally, and large-scale production of power battery cells achieving energy density
300 watt hours per kilogram, with an average driving range of over 460 kilometers for pure electric passenger vehicles, and many new technologies have been prioritized and implemented in China; 2024 is a critical stage in defining the next generation of automotive products, and factors such as the Chinese market, technology, and platforms will play an important role in leading the global industrial transformation.
Chinese new energy vehicle companies occupy an important market position. In 2023, Chinese new energy vehicle companies will rise rapidly, with BYD selling 3.02 million vehicles throughout the year, becoming the world’s best-selling car company in the field of new energy passenger vehicles. Among the top ten, Chinese companies occupy 5 seats, accounting for a total of 43%; Based on breakthroughs in electrified products and markets, domestic enterprises will continue to rise in 2024, with the emergence of new global brands. It is expected that 1-2 new enterprises will enter the top ten global sales of new energy passenger vehicles, and their share will increase to 45%.
Post time: Aug-30-2024