China's New Energy Vehicles Reach a Milestone: 10 Million Units in Annual Production and Sales
China's new energy vehicle (NEV) industry has reached a historic milestone with the annual production and sales of NEVs hitting 10 million units for the first time. This achievement signifies a significant transformation from "China Speed" to "China Quality" and cements China's position as a global leader in the NEV sector.
On November 14, 2024, the China New Energy Vehicle 10 Million Units Achievement Ceremony was held in Wuhan, celebrating this historic moment with representatives from the government, industry leaders, and other stakeholders.
The Vice Minister of Industry and Information Technology, Xin Guobin, highlighted the historical significance of this achievement, which is the result of the collective efforts of Chinese automotive brands.
Hubei Province, known for its strong push in the automotive industry, especially in NEVs, is expected to reach a trillion-scale automotive industry by the end of 2024, with a capacity of 1.5 million NEVs and over 300 smart connected vehicle-related companies.
China's NEV industry's rapid rise is attributed to strategic guidance, policy support, technological innovation, and the relentless efforts of Chinese automakers. Dongfeng Motor Corporation, a leading automaker, has been at the forefront of innovation, with a focus on new energy transformation and a record of leading patents in the industry.
Dongfeng Motor Corporation's Chairman, Yang Qing, emphasized that the 10 million units achievement is a testament to the efforts of all those involved in the automotive industry. The company continues to innovate and accelerate its transition to new energy vehicles.
This milestone not only represents a breakthrough for China's automotive industry but also serves as a starting point for future endeavors. The event featured songs and the unveiling of new NEV models, symbolizing the industry's continued progress and ambition.
Dongfeng LanTu ZhiYin, a high-end intelligent NEV brand, has unveiled its fourth model, positioning itself as a premium smart mid-size pure electric SUV with a range of 901km and rapid charging capabilities, set to enter the European market.
China's NEV industry has made a comprehensive breakthrough, from quantity to quality, and is now poised to lead global automotive industry transformation towards electrification and intelligence.
The China Association of Automobile Manufacturers (CAAM) lauded the industry's efforts and contributions to the global automotive industry, setting a solid foundation for the future of smart connected vehicles.
As China's NEV industry stands at a new starting point, it is ready to embrace new challenges and opportunities, contributing to the global automotive industry with "China's driving force."
