China is leading the global electric vehicle revolution
In 2025, China produced and sold over 9 million NEVs (New Energy Vehicles), capturing 62% of the world’s pure EV market (CPCA). Exports surged to 1.8 million units in 2024 (est.), with 50% YoY growth.
Why China Leads:
✅ Unmatched Supply Chain: 1M+ NEV enterprises, concentrated in Guangdong, Shandong & Jiangsu.
✅ Tech Innovation: 70% of global EV patents originate from China. BYD alone holds 13,000 patents.
✅ Infrastructure: 10.24 million charging piles nationwide (54% YoY growth).
✅ Cost Efficiency: Integrated manufacturing clusters cut production costs by 30-40%.
Export Hotspots:
- Europe & Asia are key markets. BYD now operates in 96 countries.
- Chinese EVs win on safety, energy density, fast-charging, and smart tech.
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