Chinese NEV Market Surge
This is a YoY news story, published by Just Auto, that relates primarily to New Energy Vehicles news.
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NEV development in China: a review of 2024 and expectations for 2025 - Just Auto

85% Informative
The total volume of New Energy Vehicles ( NEV ) in the Chinese market reached a historic high of 9.7 mn units (excluding exports), representing a substantial 39% increase compared to the same period in 2023 .
NEV market share also continued to climb and accounted for almost half of the market, at 48% . In contrast, the share of Internal Combustion Engines (ICEs) declined rapidly by 23% year-on-year ( YoY ).
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