From private cars, trucks, and taxis to buses, it is reported that there are more than 16.2 million new energy vehicles in China, and it seems that the Chinese people have been accustomed to it.
In 2022, ten million new energy vehicles were sold globally, of which China’s brands accounted for 60%. In this competition for new energy vehicles, China is a new force in making new energy vehicles that can’t be neglected.
BYD is a leading technology company that has established itself as an industry leader in electronics, automobiles, renewable energy, and rail transit. In August, BYD’s five millionth new energy vehicle officially rolled off the production line, becoming the first car company in the world to reach this milestone. BYD has spent 20 years proving the strength of new energy and China’s auto industry.
Last year, BYD exported 50,000 vehicles globally; from January to July this year, it has already sold more than 90,000 vehicles to the international market. This sales figure bodes well for China’s new energy vehicles.
Of course, competition for new energy vehicles is fierce in the international market. Tesla, Volkswagen, BMW, Volvo, Toyota, Hyundai, and other brands have divided up a lot of market share. Chinese car companies still need to work hard to get a bigger share of the cake.