EV Industry

Global public EV charging pile deployment is constrained by land availability and grid planning, compounded by slowing NEV market growth, TrendForce said.

China's export growth for BEVs is expected to slow to 9 percent this year, with its contribution to passenger car exports falling to 19.0 percent in 2024 from 22.5 percent in 2023, Canalys said.

Jiyue said the Robo X comes with a high-performance drive system and can sprint from 0 to 100 km/h in less than 1.9 seconds.

China's NEV production for the full year 2024 is expected to exceed 12 million units.

China's retail sales of all passenger vehicles in the November 1-10 period were 567,000 units, up 29 percent from the same period last year, but down 3 percent from the same period last month.

Domestic NEV sales stood at 1.3 million units in October, marking the second consecutive month of record highs.

Retail sales of NEVs in China reached a record high in October, but NEV penetration declined slightly due to faster growth in gasoline vehicle sales.

China's NEV penetration at retail stood at 54.38 percent in October and 46.92 percent year-to-date, according to preliminary CPCA data.

As of now, all provinces in China have implemented the car replacement subsidy policy and brought a new wave of growth momentum to the automative market, the CPCA said.

China's retail penetration of NEVs was 52.2 percent in October 1-27, and 46.46 percent year-to-date.