China’s EV, Battery Strides Boosting Global Transition

A report from chinadaily.com.cn on Sept. 2nd, 2024:

China’s strides in developing its electric vehicle and power battery industries are making significant contributions to global sustainable development and the fight against climate change, officials and business leaders said on Sunday.

Wan Gang, president of the China Association for Science and Technology, said that China sold 9.495 million new energy vehicles last year, leading the global auto industry in an accelerating transformation toward electrification and adding new momentum to the global industry’s development.

“As a key driver of the electrification transformation, China’s power battery industry has been leading the world for seven consecutive years in terms of market scale,” he said, noting that six of the world’s top 10 power battery enterprises in terms of installed capacity are based in China.

Statistics from the China Association of Automobile Manufacturers showed that in the first seven months of this year, China’s production of NEVs reached 5.914 million, up 28.8 percent year-on-year, while sales stood at 5.934 million units, up 31.1 percent.