New Energy Vehicles Are Here

In recent years, new energy vehicles have developed rapidly in the domestic market. In September 2020, the cumulative production of new energy vehicles in my country was only 5 million. By the end of June this year, the cumulative production and sales of domestic new energy vehicles had exceeded 30 million. Based on industrialization and marketization, China's new energy vehicles have entered a new stage of high-quality development with scale and globalization.

The rapid development of new energy vehicles has changed the domestic automobile market and is heading towards a green future. my country's new energy vehicle production and sales have ranked first in the world for nine consecutive years, with both scale and quality improved. According to the China Passenger Car Association, in the second quarter of this year, my country's new energy passenger cars accounted for 67% of the world's total.

Behind a series of achievements are the joint efforts of the market, policies, and technology. my country took the lead in clarifying the national strategy for the development of new energy vehicles, and continued to formulate industrial development plans for 2020 and 2035. The direction of industrial development is clearer and the pace is more determined. With the continuous implementation of favorable policies such as old-for-new, purchase tax reduction and exemption, and new energy vehicles going to the countryside, my country's manufacturing industry chain advantage empowerment, narrow plug-in hybrid and extended-range technology breakthroughs, and new models are constantly launched, the new energy vehicle market has shown strong competitiveness and innovation.

my country's new energy vehicles have grown from nothing to something, from small to large, and have transformed their first-mover advantage into a leading advantage. In the future, as the development of the automobile industry enters the deep water zone, the road to new energy vehicles will become wider and wider.

Consumers have more choices when buying cars. In the new energy vehicle market, major brands are working hard to launch new products one after another. The latest data shows that in the first half of this year, a total of 11 fuel vehicles were launched in the auto market, 31 fewer than in the same period of 2018, while the number of new energy vehicle models launched reached 60, almost six times that of fuel vehicles.

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