增长5倍，新能源车改变出行格局

Core Insights - The rapid growth of China's new energy vehicle (NEV) industry is highlighted, with projections indicating that by 2024, the total number of NEVs will reach 31.4 million, representing a more than fivefold increase from the end of the 13th Five-Year Plan [6][15] - China has become the world's first country to produce over 10 million NEVs annually, leading globally in NEV ownership, production, sales, and charging infrastructure [6][15] - The increasing acceptance of NEVs among consumers is transforming them from mere transportation tools to intelligent terminals, with a focus on smart features and personalized services [11] Industry Growth - The NEV production and sales in China reached 12.888 million and 12.866 million units respectively in 2024, marking a year-on-year growth of 34.4% and 35.5% [10][15] - The number of newly registered NEVs in 2024 was 11.25 million, accounting for 41.83% of all new vehicle registrations, reflecting a 51.49% increase from the previous year [7][15] - As of mid-2023, the total NEV ownership in China reached 36.89 million, representing 10.27% of the total vehicle population [9] Infrastructure Development - By the end of 2024, the total number of charging facilities in China is expected to reach 12.818 million, establishing the largest charging network globally [13][15] - The coverage rate of charging stations in counties across China has reached 97.31%, with 13 provinces achieving full coverage in townships [14] - The daily average of NEVs on the road in China has increased to over 31 million, up from less than 5 million five years ago [7] Technological and Policy Support - The rapid development of the NEV sector is attributed to a combination of policy guidance, technological breakthroughs, and collaborative industrial ecosystems [8][9] - China has established a comprehensive regulatory framework covering all aspects of NEV development, from research and development to usage and supervision [9] - The country has a robust and self-sufficient NEV industry system, integrating raw material supply, battery production, vehicle manufacturing, and charging infrastructure [11] Global Market Position - Chinese automakers are not only leading in the domestic market but are also gaining significant traction in the global NEV market, with BYD achieving over 10% market share in Spain and leading sales in Brazil [12] - In the first seven months of the year, China exported 3.68 million vehicles, including 1.308 million NEVs, marking an 84.6% year-on-year increase [12]