Shanghai, one of China's largest cities, reached 1.51 million new energy vehicles (NEVs) by the end of 2024, local media outlet The Paper said in a report today, citing an official report.
Among these NEVs, pure electric vehicles accounted for 71 percent, while the remaining 29 percent were plug-in hybrid electric vehicles (PHEVs), according to the report.
Shanghai is home to Tesla's (NASDAQ: TSLA) China factory and Nio's (NYSE: NIO) global headquarters.
About 78 percent of Shanghai's NEVs are private vehicles, an increase of 2 percentage points from 2023.
In 2024, 278,000 new NEVs were registered in Shanghai, according to the report.
The city added 1,940 new energy buses in 2024, bringing the total number of such vehicles to 16,356, accounting for 96.21 percent of all buses.
In 2024, 2,700 new energy taxis were put into operation in Shanghai, with 95 percent of the city's taxis now being NEVs.
By the end of 2024, Shanghai had 913,000 chargers and 225 battery swap stations.
China's overall NEV ownership reached 31.4 million units by the end of 2024, accounting for 8.9 percent of the total vehicles of 353 million units, according to data released by the Ministry of Public Security on January 17.
As of the end of December last year, China's BEV ownership stood at 22.09 million units, accounting for 70.34 percent of the total NEVs.
In 2024, China registered 11.25 million new NEVs, a year-on-year increase of 51.49 percent, accounting for 41.83 percent of all new vehicle registrations.
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