Innovation speed key to NEV success in 2025

Nation tops world list for 9 straight years in output, sales

BEIJING — Despite facing challenges, China's new energy vehicle manufacturers made significant strides in 2024 and are poised to gain continued momentum as carbon reduction targets drive global demand for clean-energy vehicles.

For Chinese NEV manufacturers, the most significant milestone of the year came on Nov 14, when the country's annual NEV output surpassed 10 million for the first time, making China the first country globally to achieve this feat.

"The achievement holds tremendous historical significance and is the result of the concerted efforts of Chinese-branded carmakers," said Xin Guobin, vice-minister of industry and information technology.