Caixin
Feb 07, 2022 04:49 AM
CHINA

Cover Story: The Turning Point for China’s New-Energy Vehicles

China’s new-energy vehicle (NEV) industry set records in 2021. The country produced 3.54 million NEVs, including battery-electric cars and plug-in hybrids, and sold 3.52 million of them. Sales were up 181% from 2020 and exceeded the total of the previous three years. In 2021, NEVs made up 15.7 % of the country’s car market.

The numbers boosted market enthusiasm. Experts predict that NEV sales in China will jump to 5 million to 6 million this year, taking 25%–30% of the domestic auto market. China will be by far the world’s largest producer and consumer of NEVs.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST
Caixin China Biz Roundup: Rape Allegations at Acting School Spark Uproar
00:00
00:00/00:00