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Recently, a number of A-share companies within the new energy vehicle (NEV) industry chain have unveiled their 2024 performance projections, revealing robust growth prospects for industry leaders. Established automakers, including GAC Group and Changan Automobile, have established sales targets for 2025, forecasting an increase of 10% to 30% over 2024 figures. Newcomers Xiaomi and Huawei HarmonyOS, having ventured into the NEV sector from other industries, have set even more ambitious goals, aiming for sales growth rates exceeding 120% in 2025, poised to outperform the burgeoning manufacturing newcomers. According to the China Association of Automobile Manufacturers, fueled by advancements in intelligence and other factors, sales of new energy vehicles in China are anticipated to hit a new peak of 16 million units by 2025.
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