LINE

    Text:AAAPrint
    Business

    Nation's NEV output hits milestone

    2023-07-06 08:17:03China Daily Editor : Li Yan ECNS App Download

    Sector ushers in 'new development stage' with a total production of 20m units

    China's new energy vehicle output has surpassed 20 million units, which market insiders said is a milestone in the country's auto development progress.

    "Such a record reflects that China's NEV sector has entered a new development stage that is large-scale, globalized and high-quality. The sector is becoming a major part of the nation's modern industrial system based on the real economy," said Fu Bingfeng, executive vice-president and secretary-general of the China Association of Automobile Manufacturers (CAAM), during a Monday event marking the achievement in Guangzhou, Guangdong province.

    The association said the country's NEV output surpassed 5 million units in September 2020, and hit 10 million units in February 2022, and then proceeded to double the figure in less than a year and a half.

    Zhang Xiang, visiting professor of the Engineering Department of Huanghe Science and Technology University, said: "The 20-million milestone is significant. China's NEV development has marched from an initial stage to a rapidly-growing stage. Now, annual sales of NEV companies such as BYD have outstripped those of traditional petrol vehicle enterprises such as FAW-Volkswagen and SAIC Volkswagen. Meanwhile, China ranks first in terms of automobile export, and the development of NEVs has contributed a lot."

    BYD said its monthly NEV sales hit 253,000 units in June, surging 88.2 percent on a yearly basis. In the first half, its NEV sales surpassed 1.25 million units, up 94.25 percent year-on-year, ranking tops globally.

    BYD said that it has rolled out various products to meet increasingly diversified consumer demand, offering green solutions for different scenarios.

    Overseas, BYD sold 74,300 NEVs in the first half, surpassing its whole-year figure of 55,900 in 2022.Its NEVs have hit roads in 53 countries and regions, including Japan, Germany, Australia, Singapore, Thailand, Brazil and New Zealand.

    Industry experts said the rapid development of China's NEV sector is due to constant breakthroughs in core technology, steady improvement in industrial chains as well as accelerated construction of the charging infrastructure.

    By the end of last year, China had built 5.21 million charging piles and 1,973 battery swap stations, forming the world's largest charging and swapping network, said the Ministry of Industry and Information Technology.

    Zhang said that with such development momentum, more Chinese NEVs will be able to replace traditional fossil-fueled vehicles with NEV technology maturing.

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    LINE
    Back to top About Us | Jobs | Contact Us | Privacy Policy
    Copyright ©1999-2023 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    [網上傳播視聽節目許可證(0106168)] [京ICP證040655號]
    [京公網安備 11010202009201號] [京ICP備05004340號-1]
    主站蜘蛛池模板: 开原市| 仁怀市| 大荔县| 平定县| 赞皇县| 和平县| 民权县| 贡山| 临桂县| 仲巴县| 建德市| 都昌县| 共和县| 遵化市| 辉南县| 淮北市| 肥东县| 乌拉特后旗| 古蔺县| 青州市| 文水县| 镇沅| 马龙县| 长垣县| 全椒县| 玛多县| 远安县| 山东| 水富县| 原平市| 弥勒县| 肇州县| 泸州市| 昌吉市| 乐陵市| 涪陵区| 沿河| 金山区| 屏南县| 田阳县| 察雅县|