Early data shows record-breaking 11 million NEVs were sold in China in 2024, penetration rate nearly 50%

In December alone, China's NEV sales reached an all-time high of 1.38 million units, up 46% from the same month in 2023. The top-selling NEV brands in December included BYD, Geely, and Li Auto, with BYD selling a staggering 509,440 passenger NEVs.

The impressive growth of China's NEV market can be attributed to various factors, including favorable government policies, advancements in technology, and increasing consumer demand for eco-friendly vehicles. As the world's largest automotive market, China's shift towards electric vehicles is expected to have a significant impact on the global automotive industry.

https://carnewschina.com/2025/01/08/early-data-shows-record-breaking-11-million-nevs-were-sold-in-china-in-2024-penetration-rate-nearly-50/