China's NEV Production Hits 10 Million Milestone: Driving Toward a Greener Future 🚗🔋
China just rolled out its 10 millionth new energy vehicle (NEV) this Thursday, marking a giant leap in the nation's journey towards a greener future! 🌿✨
In a vibrant ceremony in Wuhan, Hubei Province, a sleek pink Voyah Zhiyin new energy SUV stole the spotlight as it rolled off the production line. Videos showcasing NEVs from various companies revved up the excitement, highlighting the monumental achievement of China's auto industry. 🚙💨
\"Developing the new energy industry and advancing green, low-carbon transitions are shared goals for countries worldwide,\" said Xin Guobin, vice minister of the Ministry of Industry and Information Technology. He emphasized that NEVs play a crucial role in global efforts to combat climate change and protect the environment. 🌍💚
Fu Bingfeng, executive vice president and secretary-general of the China Association of Automobile Manufacturers (CAAM), called the milestone a testament to China's expanding contribution to global green development and carbon reduction. \"It's a historic moment for the transformation of the country's automotive industry,\" he said. 🌐🚀
Back in 2015, NEVs made up just over 1% of China's auto market. Fast forward to July this year, and NEVs have zoomed past fuel-powered vehicles for the first time, grabbing a whopping 51.1% of the domestic market with 878,000 units sold! 🏎️⚡
The green shift is on the fast track, not just in China but around the globe. A report by the International Energy Agency showed that electric cars accounted for around 18% of all cars sold worldwide in 2023, up from 14% in 2022 and only 2% in 2018. Talk about a surge! 📈🌟
Interestingly, China's NEV industry mainly fuels its domestic market, with exports making up only a small portion. In the first 10 months of this year, domestic sales of NEVs reached 8.692 million units—more than eight times the export volume during the same period. 🚗🇨🇳
Global car giants like Tesla, BMW, and Toyota are plugging into China's NEV boom. Toyota has set up one of its largest overseas R&D centers in Jiangsu Province and recently opened an advanced tech research center in Shanghai. Tesla kicked off construction in May for a mega factory in Shanghai to produce its energy-storage battery Megapacks. 🌐🔋
As the world shifts gears towards sustainable transportation, China is definitely in the driver's seat, steering the future of green mobility! 🌿🚀
Reference(s):
cgtn.com
