China's NEV output and sales remain world’s largest for 10th year China's new energy vehicle production and output topped 13 million units in 2024, the highest globally for the tenth straight year, the Ministry of Industry and Information Technology said on Tuesday.
The update came at a State Council press conference on progress under the 14th Five-Year Plan. Between 2020 and 2024, value-added output in equipment manufacturing and high-tech manufacturing rose at average annual rates of 7.9% and 8.7%, lifting their share of large-scale industry to 34.6% and 16.3% respectively. The ministry added that China's shipbuilding sector also kept its global lead.
