this year's new energy vehicle penetration rate in a single month will exceed 50%
Wang Chuanfu's latest judgment: this year's new energy vehicle penetration rate in a single month will exceed 50%
February 18, BYD Chairman and President Wang Chuanfu said in Guangdong Province, high-quality development conference, China's new energy vehicle production and sales have been the world's first for nine consecutive years, accounting for more than 60% of the world's share of the development of new energy vehicles to further accelerate the new energy vehicles is expected to new energy vehicles this year will be more than 50% of the penetration of a single month.
Data show that in 2023 China's auto production and sales scale occupies 33% of the world auto market share. Among them, China's new energy passenger cars accounted for 63.5% of the global new energy passenger car market, and the proportion in December reached 68%.
Wang Chuanfu believes that China's new energy automobile industry faces three major development opportunities, one of which is the further deepening of automobile electrification. Starting from 2020, China's new energy vehicle penetration rate continues to maintain a doubling growth, reaching 35% for the whole of last year, and breaking through 40% in a single month at the end of the year, and is expected to exceed 50% in a single month this year.