2024 has been a big success for China’s new energy vehicles or NEVs, which include plug-in electric vehicles, battery electric vehicles and hybrids. While the boom in sales is largely being driven by the domestic market, international demand is also strong. 

China is now the first country in the world to produce over 10 million NEVs in a year.

Joining the discussion:

• Andy Mok is a Senior Research Fellow at the Center for China and Globalization. 
• Douglas Bolduc is the Managing Editor of Automotive News Europe. 
• Yan Liang is Chair Professor in Economics at Willamette University. 
• Lauren Fix is an automotive expert and Editor-in-Chief of Car Coach Reports.

Nine top Chinese brands, including BYD, Xpeng, and Leapmotor, unveiled new electric vehicle models at the 2024 Paris Motor Show, showcasing cutting-edge technology and their drive for global expansion https://t.co/MRRK8jJT4n pic.twitter.com/RRnI0irtoC

— China Xinhua News (@XHNews) October 16, 2024

Chinese #NEV makers saw steady growth in November deliveries. Deliveries of Xiaomi's SU7 hit over 20,000 units over this period, while Li Auto delivered 48,700 vehicles, up 18.8% YoY. #Xpeng set a new monthly record with 30,895 units delivered. @leijun @LiAuto_FZ @XPengMotors pic.twitter.com/RI1s4B0yqu

— Auto China (@AutoChinaNews) December 2, 2024