China’s new energy vehicle production to hit 21.2 million by 2030, says S&P Global Mobility
S&P Global Mobility projects that NEV passenger car production in mainland China will surge to 8.1 million units in 2023, an impressive figure that is projected to nearly triple to 21.2 million annual units by 2030. A significant shift is expected in the composition, with BEVs comprising 58% of the mainland China passenger vehicle production by 2030, compared to around 25% in 2023.
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