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MIIT: China’s New Energy Vehicle Sales Surge from 5.4% in 2020 to 40.9% in 2024
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Author：小编
On September 9, Xin Guobin, Vice Minister of China’s Ministry of Industry and Information Technology (MIIT), announced at a press conference held by the State Council Information Office that China’s new energy vehicle (NEV) production soared from approximately 1.4 million units in 2020 to an estimated 13 million units in 2024, with a corresponding rise in sales. The market scale expanded by over three times, and the proportion of NEV sales within the total automotive market climbed from 5.4% in 2020 to 40.9%.
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