China's New Energy Vehicles: From "Millions of Vehicles" to Global Leading Industry Leap

Market size and production capacity breakthrough

By the first three quarters of 2025, China's new energy vehicle production will exceed 8 million units, accounting for 65% of the global total production;

Leading companies such as BYD and GAC Aion delivered over 100000 vehicles in a single month, driving collaborative growth in the upstream and downstream of the industry chain.

Policy and industrial chain synergy

The government has promoted the penetration rate of new energy vehicles to 42% through the "trade in" subsidy policy;

Twelve new energy vehicle maintenance centers have been established in the Yangtze River Delta and Pearl River Delta to achieve closed-loop management of battery recycling and remanufacturing.

User Profile and Consumption Upgrade

The proportion of young people under 30 years old accounts for 53%, and intelligent configurations (such as intelligent cockpit and advanced assisted driving) have become the core driving force for car purchases;

The high-end market is rising, and brands such as Lantu and Jike have a market share of over 18% in the price range of over 300000 yuan.