Market Regulation UP! China’s “Multiple Development” initiative is driving the high-quality advancement of new energy vehicles.
As of March 30, 2025, the latest reports indicate that the market for new energy vehicles in China is set to expand significantly. The upcoming 2025 China Electric Vehicle Summit will highlight this growth, showcasing that China’s new energy vehicle production is anticipated to surpass 10 million units, accounting for 65% of the total production volume. This marks the first time that new energy vehicles have dominated the market for a decade.
Moving forward, China plans to promote new energy vehicles vigorously from multiple angles. The Ministry of Industry and Information Technology has expressed its commitment to supporting policies aimed at maintaining momentum in large-scale production enterprises.
On the technological front, advancements will focus on rapidly developing battery technology, vehicle-grade materials, and high-efficiency hybrid power systems. In the realm of autonomous driving, efforts will include testing intelligent connected vehicles and establishing a robust system for L3 level autonomous driving vehicle production.
The National Energy Administration has indicated that by the end of 2024, the total installed capacity for electric vehicles in the country is projected to reach 128.18 million units, reflecting a 49.1% increase compared to previous years. Furthermore, specific enterprises are expected to release significant new products during this period.
In the coming years, the National Energy Administration aims to continue promoting the construction of electric vehicle infrastructure, focusing on enhancing the technological capabilities and new energy vehicle market offerings.
Recent data shows that since March 28, 2023, the demand for new energy vehicle registration has already exceeded 1.769 million units, with cumulative registrations for new energy vehicles reaching 2.05 million, representing a year-on-year increase of approximately 34%.
The commercial department has indicated that future efforts will deepen the transition to new energy vehicles, ensuring appropriate support for the adoption of new energy vehicles and optimizing existing energy usage.
In conclusion, the continuous promotion of new energy vehicles is expected to significantly impact the automotive market, demonstrating a commitment to advancing sustainable practices within the industry.
