In 2023, BYD was the world’s top NEV seller, with more than 3.02 million cars sold during the period. Such fast NEV production and sales is supported greatly by the sound NEV supply chains and industrial ecosystem. With the strong support for the overall supply chain, China’s NEV export had surged in 2023, becoming the new engine for the growth of China’s auto industry. “Now, Chinese brands provide technology while foreign companies provide production capacity and talents, which fully proves that China’s NEV industry already has strong creativity,” said Tao. The complete charging infrastructure also injects strong impetus in China’s NEV industry.

Source: Daily Nation February 05, 2024 19:22 UTC