Preparation tips by: Aizaz Khan
In October, China’s EV market share reached 76%, with total sales surpassing 14.1 million units in 2023.
1
China’s share of global EV sales grew to over 60% in 2023, solidifying its position as the world leader in EV production and consumption.
2
Strong domestic demand for EVs continues in China, supported by government subsidies and measures to boost local sales.
3
Despite tariffs from Western nations, Chinese EV exports are thriving, especially to markets like Russia, where car exports surged by 109%.
4
China’s continued investment in green energy and innovation positions it to lead the global EV market, despite challenges in international trade.
5
China leads the global EV market, driving the future of automotive and green transition.