BUSINESS

In Depth: Zero-Carbon Fuels, Hybrids Offer Lifeline for Conventional Carmakers

By An Limin and Wang Xintong

Published: Jan. 10, 2025 7:14 p.m. GMT+8

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It sounds somewhat unbelievable — the internal combustion engine (ICE) is boosting sales of new-energy vehicles (NEVs) in China, which may be a hard pill to swallow for the upstart carmakers who initially championed the displacement of fossil fuel vehicles.

In fact, in December 2024, the top three NEV-makers by sales were primarily focusing on hybrid vehicles, which incorporate a battery-powered motor and an ICE.

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