China’s NEV Production Surpasses 10 Million Units, Setting a Global Milestone

China’s NEV Production Surpasses 10 Million Units, Setting a Global Milestone

The China Automobile Industry Association (CAIA) released a press release on Thursday stating that the annual production of renewable energy vehicles in the country has exceeded 10 million vehicles for the first time, making China the first country in the world to produce more than 10 million renewable energy vehicles annually.

With about a month and a half to go until the end of this year, the production of renewable energy vehicles in China has surpassed ten million, an increase of four and a half percent compared to last year, when a total of nine million five hundred and eighty-seven thousand vehicles were produced, demonstrating China’s technological superiority and market size in the field of renewable energy vehicles.