China’s new-energy vehicle (NEV) industry has taken the global lead in breaking through technological barriers. It has secured the world’s top position in production and sales for nine consecutive years, with a market share of more than 60 percent.
This achievement signifies the establishment of a highly resilient and competitive complete industrial chain, making it a signature industry of high-quality development, said Wang Chuanfu, Chairman of China’s leading NEV manufacturer BYD, at a conference on February 18.
In China, the term NEV is used to refer to automobiles powered entirely or predominantly by electric energy, which includes plug-in electric vehicles and fuel-cell electric vehicles.
“Currently, the
