China’s new energy vehicle production and sales hit a record high

by SpeedLux
china map

In 2020, China’s new energy vehicle production and sales hit a record high.

According to data released by the China Association of Automobile Manufacturers, the production and sales of new energy vehicles in China last year were 1.366 million and 1.367 million, respectively, an increase of 7.5% and 10.9% year-on-year.

Demand upstream and downstream, driven by the new energy vehicle industry, has grown. According to the RoadMap for Energy Saving and New Energy Vehicles issued by the China Society of Automotive Engineering, the amount of aluminum used in single-vehicle vehicles is expected to reach 250 kg by 2025.

According to Caitong Securities forecast, by 2025, automotive aluminum alloy components market space will exceed 330 billion yuan.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.


SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.


©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More