From January to May 2024, the global automotive market has experienced significant growth, with a total of 35.66 million vehicles sold. Notably, 5.85 million of these were new energy vehicles, representing a substantial 16.4% of the total market.

Breaking down these figures, pure electric vehicles accounted for 10.8%, plug-in hybrids for 5.6%, and hybrid vehicles for 6.3%. Among these new energy vehicles, Chinese brands have excelled, capturing an impressive market share.

Statistics reveal that from January to May, Chinese new energy vehicles held a commanding 64% of the global market share. This means that out of every 10 new energy vehicles sold worldwide, more than 6 are manufactured in China. Additionally, the market share for Chinese plug-in hybrids has risen from 69% last year to 73% this year.

These numbers highlight China’s robust capabilities and expansive market in the new energy vehicle sector. Chinese new energy vehicles continue to impress on the global stage.

Let’s anticipate even more remarkable achievements from Chinese new energy vehicles in the coming months.