China's NEVs （New Energy Vehicles）sales account for over 64 pct of global total

[Beijingwalker]

China's NEVs （New Energy Vehicles）sales account for over 64 pct of global total​

Source: Xinhua
2023-12-08 20:44:00

This photo shows vehicles of Chinese electric car manufacturer NIO displayed at the 2023 World New Energy Vehicle Congress in Haikou, south China's Hainan Province, Dec. 7, 2023.

In the first three quarters of 2023, global sales of new energy vehicles (NEVs) reached 9.75 million units, with China contributing 6.28 million units, or more than 64 percent, according to data released at the 2023 World New Energy Vehicle Congress. (Xinhua/Xia Tian)

HAIKOU, Dec. 8 (Xinhua) -- In the first three quarters of 2023, global sales of new energy vehicles (NEVs) reached 9.75 million units, with China contributing 6.28 million units, or more than 64 percent, according to data released at the 2023 World New Energy Vehicle Congress.

The congress is being held in Haikou, the capital of south China's island province of Hainan, from Dec. 7 to 9.

The sales of NEVs in China constitute 29.8 percent of the country's total new car sales. As of the end of the third quarter of 2023, the cumulative global sales of NEVs are approximately 37.7 million units, with China accounting for about 60 percent.

"China has nurtured the world's largest consumer market for NEVs, established an efficient and collaborative industrial system, and injected powerful momentum into the global transformation of the auto industry," said Xin Guobin, vice minister of industry and information technology.

Regarding the potential of China's auto industry, Li Jun, an academician of the Chinese Academy of Engineering, believes there is still a growth space of about 200 million vehicles in China's auto market.

Li estimated that by around 2055, China's auto market will reach saturation with more than 500 million units. ■

This photo shows a Hyundai N Vision 74 concept hydrogen fuel cell vehicle displayed at the 2023 World New Energy Vehicle Congress in Haikou, south China's Hainan Province, Dec. 7, 2023.

In the first three quarters of 2023, global sales of new energy vehicles (NEVs) reached 9.75 million units, with China contributing 6.28 million units, or more than 64 percent, according to data released at the 2023 World New Energy Vehicle Congress. (Xinhua/Xia Tian)

This photo shows a MG Cyberster vehicle of China's car manufacturer SAIC displayed at the 2023 World New Energy Vehicle Congress in Haikou, south China's Hainan Province, Dec. 7, 2023.

In the first three quarters of 2023, global sales of new energy vehicles (NEVs) reached 9.75 million units, with China contributing 6.28 million units, or more than 64 percent, according to data released at the 2023 World New Energy Vehicle Congress

China's NEVs sales account for over 64 pct of global total

China's NEVs sales account for over 64 pct of global total-

english.news.cn

 

[Beijingwalker]

China is creating an enabling environment for EVs

Last year, China had 1.8 million public charging stations, about 65 per cent of the global total, and the country also had the highest ratio of fast chargers on highways at 534 per 100 kilometres of highway length, the report said.

China added 649,000 public chargers last year, more than 70% of what was installed globally.

 

[Beijingwalker]

A lot of competition in China's EV market