BEIJING (AP) — Sales of all kinds of products electric car Industry data on Monday showed that the price of gasoline-powered cars in China rose more than 40% last year, while the price of gasoline-powered vehicles plunged.
The world’s largest sales market sold a total of 31.4 million vehicles, including buses and trucks, last year, an increase of 4.5% from a year earlier, the China Automobile Manufacturers Association reported. Sales growth exceeded the 3.7% increase in production.
China’s passenger car exports will increase by almost 20% to nearly 5 million units in 2024; China’s overall exports are rapidly increasing.
Of these, exports of what China calls new energy carThe number of vehicles, including pure battery EVs, fuel cell vehicles, and plug-in hybrid vehicles (electric vehicles equipped with a small gasoline engine to back up the battery), reached 1.28 million. From 2023, it has increased by 6.7%.
The overseas expansion of Chinese EV manufacturers is causing a sense of caution among automakers in the United States and Europe. US Established 100% tariff Last year it imposed tariffs on Chinese-made electric vehicles, and the European Union also imposed new tariffs on China-based electric car makers, saying the industry benefited from unfair government subsidies.
Domestically, passenger car sales rose 13.6% in December. trade-in rebateOverall annual sales of passenger cars in China increased by 3.1% to 22.6 million units.
Plug-in hybrids will be the fastest growing in 2024, attracting second-generation electric vehicle buyers who are uncomfortable purchasing a pure EV or who are looking for the longer range that a hybrid can offer. did.
China’s EV sales continue to expand rapidly, in contrast to the United States and Europe. Growth has slowed.
Sales of conventional gasoline and diesel cars fell by 17% in 2024, from 14 million to 11.6 million. It accounted for 51% of all new car sales.
The decline in demand for fuel-powered vehicles has proven to be a severe blow to automobiles. foreign car manufacturers Volkswagen AG and Nissan Motor Co. have long relied on strong demand in China to boost profits.
They are rushing to develop electric cars for the Chinese market. Honda and Nissan recently announced Plans to proceed with the merger This is partly to meet the challenges of China’s rising EV manufacturers.
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Hsu reported from Hong Kong.
