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Electric Vehicles

China’s New Energy Vehicle Sales Expected to Exceed 12 Million in 2024, Driving Growth for New Energy Vehicle ETFs

Chinas

Exciting News! In 2024, the production and sales of new energy vehicles are projected to exceed 1.2 million units. The New Energy Vehicle ETF (515700) is expected to experience heightened attention as this trend unfolds.

As of March 28, 2025, the new energy vehicle sector has demonstrated significant growth. The New Energy Vehicle ETF has seen a recent drop of 0.98% and is currently priced at 1.71 CNY. The trading volume has reached 2.36462 billion CNY.

Recent data indicates that the New Energy Vehicle ETF has appreciated by 7.39% over the past three months, with its market capitalization now at 24.37 billion CNY. The ETF’s market volume has been increasing steadily, with a total of 411.54 million CNY in recent transactions.

According to a report released by the Ministry of Industry and Information Technology, the production and sales of new energy vehicles in 2024 are expected to range between 1.226 million and 1.28 million units, representing an increase of 17.1% to 23.7% compared to the previous year. This growth reflects a strong trend in the overall market.

The New Energy Vehicle production sector is expected to account for 55.7% of the total automotive production, surpassing 14.5% percentage points compared to the previous year. The industry has now established 16 major production groups, including electric vehicles, battery systems, automotive parts, and hydrogen fuel cell vehicles, among others.

Furthermore, as of February 28, 2025, the leading companies in the new energy vehicle sector have made remarkable strides. Notable firms include BYD, Geely, SAIC Motor, and others, which collectively hold a market share of 56.9%.

The New Energy Vehicle ETF has been performing well in the stock market, connecting to various investment platforms. The ETF is actively monitored, and investors can access detailed information through the New Energy Vehicle ETF App.

Please stay tuned for further updates as the new energy vehicle market continues to evolve and expand. For comprehensive insights and real-time data, visit the specified platforms.