What is the production volume of new energy vehicles?
2 Answers
According to the National Bureau of Statistics website, the 2020 Statistical Communiqué of National Economic and Social Development shows that China's new industries, business forms, and models grew against the trend. China's annual production of new energy vehicles reached 1.456 million units, an increase of 17.3% over the previous year; the production of integrated circuits reached 261.47 billion units, an increase of 29.6%. Total number of entities: Calculated on a comparable basis, retail sales increased by 10.9% over the previous year. A total of 25.02 million new market entities were registered throughout the year, with an average of 22,000 new enterprises registered daily. The total number of market entities reached 140 million by the end of the year. Industrial scale: The Statistical Communiqué pointed out that in the full-year scale above designated size industries, the added value of high-tech manufacturing increased by 7.1% over the previous year, accounting for 15.1% of the added value of industries above designated size; the added value of equipment manufacturing increased by 6.6%, accounting for 33.7%. Among the full-year scale above designated size service industries, the operating income of strategic emerging service enterprises increased by 8.3% over the previous year. Full-year investment in high-tech industries increased by 10.6% over the previous year.
A while ago, I was active in the automotive forum, and the topic of new energy vehicle production was heating up. In 2023, global new energy vehicle production reached approximately 14 million units, with China taking the lion's share at over 8 million units. This includes significant production increases from major players like BYD and Tesla's Shanghai factory. Europe also contributed substantially, with German factories producing over 2 million units, and the US catching up. The overall trend is driven by policy subsidies and the improvement of charging infrastructure, with rapid adoption of pure electric models and plug-in hybrids also holding a significant share. The rising production reflects surging demand, and I predict that 2024 could exceed 15 million units, which is good for carbon reduction. However, it's important to note that supply chain pressures may affect future production rhythms. Before buying a car, it's wise to check the details of national subsidies to save some money.
