GXED(600617) 中国经济网·2025-01-22 00:35Core Insights - In 2024, China's annual production and sales of new energy vehicles (NEVs) are projected to reach 12.888 million and 12.866 million units, respectively, maintaining the global leadership in NEV production and sales for ten consecutive years [1][2] - Over the past decade, China's NEV production has surged from tens of thousands to millions, with exports to over 70 countries and regions, establishing a strong global presence [1] - The average range of NEVs in China has approached 500 kilometers, supported by a comprehensive and efficient industrial system that supplies 70% of global battery materials and 60% of power batteries [1] Industry Developments - China has built the world's largest charging network, with 12.818 million charging piles and 4,443 battery swap stations, enabling fast charging technology that allows 80% charge in 15 minutes [1] - Future initiatives will focus on advancing key technologies such as new battery systems, implementing policies for vehicle trade-ins and tax exemptions for NEVs, and developing guidelines for battery swap models [2] - The government aims to enhance market competition, optimize the industrial ecosystem, and support leading enterprises in improving quality and efficiency [2]