EV Industry

China's auto market saw 227 models with price cuts in 2024, more than 148 in 2023 and significantly higher than 95 in 2022, according to CPCA secretary-general.

China's new energy vehicle (NEV) sales hit a record high in December 2024, with wholesale sales estimated at 1.5 million units, a 35% year-on-year increase. This marked the fifth consecutive month exceeding 1 million units, with NEV penetration surpassing 50%. Major contributors included BYD, Geely, SAIC-GM-Wuling, Chery, and Tesla China. Government trade-in subsidies, doubled in July 2024, significantly boosted sales, with millions of applications filed. NEVs, including BEVs, PHEVs, and fuel cell vehicles, dominated the market, supported by policies favoring entry-level models. The auto market remained robust, driven by sustained consumer demand and supportive measures.

Lotus CEO called the move a major brand revival milestone and said the brand sold more than 2,000 units worldwide in December.

This is the first time Rox Motor has announced delivery figures, saying it is the sixth consecutive month of sequential growth.

China's NEV sales, including exports, are expected to reach about 16.5 million units in 2025, with a penetration rate of more than 50 percent, a think tank expert said.

In this article, we try to explain the steps needed to launch a new car model in China from a consumer's point of view.

Cumulative retail sales of passenger NEVs in China so far this year totaled 10.41 million units, up 43 percent from a year earlier.

The Z20, Lynk & Co's second BEV model after the Z10, began deliveries on launch day.

The CPCA expects China's retail sales of NEVs to reach 1.4 million units in December, the fifth consecutive month above 1 million units.

The date for the next Beijing auto show has been set, with the Shanghai auto show due in about four months.