China's New Energy Vehicle Outlook: Elimination and Evolution at the Same Time

Summarizing the typical trends in the development of China's new energy vehicle industry at present, combined with a deep insight into the laws of the industry, new energy vehicles in 2025 will present the following characteristics:

① Industry Continues to Expand: in 2025, advances in areas such as intelligence, vehicle networking technology, cloud computing and government policy support will continue to bring huge market opportunities and potential. Combined with the forecast, forward-looking calculations, by 2029, China's new energy automobile industry market size is expected to reach $748.5 billion, accounting for the proportion of the global market size is expected to remain above 60%.

② Support policy may be weakened: new energy vehicles policy support may be weakened in 2025, in the short term, some areas of the purchase and replacement subsidies may not continue, long-term new energy vehicles or will increase the road maintenance-related taxes.

③ Overseas acceleration: in 2024, China's auto exports are expected to reach 6 million units, the 2nd consecutive year of the global auto export champion throne; in some markets, such as South Asia, China's new energy vehicle market share soared 40%, these figures show that China's auto overseas boom is still growing rapidly.

④ Core technology breakthroughs: after 1 year of exploration, semi-solid batteries will be equipped in the IM, MG and other brand models on a large scale market. For some low-temperature scenarios, the lithium-sodium battery mixing program represented by Ningde Times “Snapdragon” super hybrid battery is expected to drive the scale of sodium-ion battery on board.

Overall, 2025 will be a pivotal year for China's NEV industry, with significant restructuring and upgrading driven by policy, market, and technological factors.