New-energy Commercial Vehicles 2024

1. In 2024, China's new energy vehicles will be further enhanced in the national and global markets.

China's market share in new-energy vehicles may be further expanded in the year of 2024.

From a global view, China is a pioneer and a leading force in developing and advancing new-energy vehicles. Its investment in new-energy vehicles is ahead of many other countries, and now it determines to push that gap even larger.  

China used to be a market passively receiving vehicles or technologies that western countries brought to. However, this has greatly changed. At present, there is already such a new trend: new technologies are first applied in China's   automotive industry, and new vehicle models are also first launched in China. Chinese market may define what the next generation of cars is. It is estimated that in 2024 and 2025, China will not only maintain the lead in vehicle volume, its sales will continue to increase, accounting for more than 50% of the world.

From the domestic point of view, many Chinese are concerned about China's economy. Automobile industries have played an important role in China's economy, which is also an important driving force for the country's economic development. Such a large volume can also maintain continuous growth, and even create a record high: 30 million vehicles, which is commendable. Therefore, the status and role of the automobile industry, especially the new energy automobile industry, in the national economy has been unprecedented. An economic power must have important industries as a pillar, so new energy vehicles are well deserved.  

2. New-energy technology and AI will gain their popularity among commercial vehicles.

China is a big country of commercial vehicles, with an ownership exceeding 30 million. This large number of commercial vehicles have generated substantial carbon emissions. To preserve the environment and ensure a sustainable development, new-energy application in commercial vehicle is a must. In fact, many companies in Chia have already developed and launched commercial vehicles powered by green energy, some of which have their vehicles equipped with AI technology, making the vehicles user friendly while environmentally friendly at the same time.