China is rapidly developing the NEV industry

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moniya12
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China is rapidly developing the NEV industry

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China, the world's largest auto market , has seen its new-energy auto industry enter the fast lane, fueled by the country's low-carbon strategy and growing demand.

"The NEV industry is the integration of information technology and manufacturing ," said Chen Shihua, deputy secretary general of the China Association of Automobile Manufacturers.

"Representing the trend of industrial development, the growing NEV industry is also one of the key new drivers of the country's economic growth."

In China, there is growing market enthusiasm for green NEVs amid government push and growing public awareness of environmental protection. More efforts are underway and there is great potential ahead.

China's NEV industry has entered a new phase of development thanks to the country's clear policy signals on low-carbon growth and years of efforts in the sector.

In this sector, the technical level and competitiveness of the industrial sweden telegram number database system and enterprises have significantly improved, as evidenced by key indicators such as production volume, sales volume and NEV ownership.

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China's NEV market maintains strong growth momentum. According to CAAM, NEV ownership reached 5.8 million units by the end of May, accounting for about half of the global total.

“The growth in production and sales of electric vehicles is expected to remain above 40 percent over the next five years,” CAAM reports.

Fuel consumption and emissions from traditional fuel vehicles are the challenges facing low carbon growth.
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