The new energy vehicle industry is accelerating into "fast lane" development.

Developing new-energy vehicles is the inevitable path for China to transition from an automotive giant to an automotive powerhouse, serving as a strategic move to tackle climate change and promote green development. Recently, a meeting of the Political Bureau of the CPC Central Committee emphasized the need to support the accelerated growth of new-energy vehicles. Adapting to industry upgrade trends and evolving green consumer demands, China's new-energy vehicle industry has entered a phase of rapid expansion. According to data from the China Association of Automobile Manufacturers, from January to June this year, both the production and sales of new-energy vehicles exceeded 1.2 million units—reaching 1.215 million and 1.206 million vehicles, respectively, representing a twofold increase compared to the same period last year. Compared with the first half of 2019, production and sales grew by 94.4% and 92.3%, respectively. "New-energy vehicles represent the comprehensive integration of information technology with manufacturing systems—they are not only the overarching trend in industrial development, but also a crucial cornerstone for fostering new growth drivers," said Chen Shihua, Deputy Secretary-General of the China Association of Automobile Manufacturers.
After years of sustained effort, China's new-energy vehicle industry has seen significant improvements in technological capabilities, an increasingly robust industrial ecosystem, and a substantial boost in enterprise competitiveness, propelling the sector into a new stage marked by convergence, integration, and collaborative growth. The "New Energy Vehicle Industry Development Plan (2021-2035)" sets a clear target: by 2025, new-energy vehicles should account for approximately 20% of total new car sales; by 2035, pure electric vehicles are expected to become the dominant choice among newly sold cars. "The development of new energy vehicles is the key to transforming the automotive industry," said Fu Bingfeng, Executive Vice Chairman and Secretary-General of the China Association of Automobile Manufacturers. He added that as the number of new-energy vehicles on the road continues to rise, the automotive industry will play its rightful role in helping achieve the nation's "dual carbon" goals.
Reporters learned from the China Association of Automobile Manufacturers that, as of the end of May 2021, China had approximately 5.8 million new-energy vehicles in circulation, accounting for about 50% of the global total. Meanwhile, the supporting infrastructure for new-energy vehicles in China has been steadily improving. By April of this year, the country had cumulatively built 65,000 charging stations, 644 battery swap stations, and installed 1.87 million charging piles of various types. Additionally, a nationwide fast-charging network spanning 176 cities and exceeding 50,000 kilometers of highway routes has been established.
To ensure electric vehicles can "return home, leave the city, and reach rural areas," the State Grid has continuously invested in building charging infrastructure, with cumulative investments totaling 27.4 billion yuan. This has resulted in the establishment of a high-speed highway fast-charging network featuring "ten north-south routes, ten east-west corridors, and two ring networks." Additionally, the company is actively promoting the extension of public charging networks into rural areas, having already completed a total of 128,000 essential charging facilities—covering public, highway, and township-level needs. While the development trend of the new-energy vehicle industry remains positive, the sector is still at a critical stage of "scaling up and overcoming challenges." According to Xin Guobin, Vice Minister of the Ministry of Industry and Information Technology, thanks to supportive policies and innovative advancements, China’s new-energy vehicle market has experienced rapid growth, and the industrial chain—from upstream to downstream—has largely achieved seamless integration. However, significant issues persist, including weak innovation capabilities in key core technologies and ongoing delays in infrastructure development.
The Ministry of Industry and Information Technology stated that it will further strengthen quality oversight of new-energy vehicles, promote deeper integration between vehicle electrification and intelligent connected technologies, enhance comprehensive services such as charging and parking, elevate the electrification level of public transportation, effectively boost the competitiveness of the supporting industrial chain, and drive high-quality development of the new-energy vehicle sector. According to the China Association of Automobile Manufacturers, China's new-energy vehicle penetration rate has risen from 5.4% at the beginning of this year to 9.4% in the first half of the year, with June seeing a penetration rate exceeding 12%. "As the penetration rate of new-energy vehicles continues to climb," said Fu Bingfeng, "the automotive market will undergo significant transformations: green energy utilization will soar; the deployment of charging and battery-swapping infrastructure will expand dramatically, while smart charging solutions become increasingly widespread; and the policy, regulatory, and standards frameworks supporting new-energy vehicles will grow more robust and comprehensive."

Translated from Sina Auto

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