China Electric Equipment reports that in April, the country experienced a significant surge in electric vehicle production, with lithium-ion battery technology breaking new ground.
As of May 31, 2025, the total installed capacity of electric vehicles in China reached 45.22 GW, marking an impressive increase of 214.68% compared to the previous year. From January to April, the cumulative production of electric vehicles stood at 104.93 GW, representing a 74.56% increase.
In April, the electric vehicle sector witnessed a strong demand, with most manufacturers achieving stable revenue growth. Notable companies such as BYD, Tesla, and NIO showed remarkable performance, contributing significantly to the overall production levels.
Industry initiatives and policies have played a crucial role in fostering this growth, attracting investments and enhancing the technological capabilities of electric vehicle manufacturers. The global market remains unpredictable, with various factors influencing supply and demand dynamics.
As a result, the first quarter of 2025 saw China exporting 61.9 GW of electric vehicles, a slight decrease of 8% compared to the previous year. The total export value reached 460.80 billion RMB, reflecting a 28.5% decline from the previous year.
Foreign markets have shown varying levels of interest in Chinese electric vehicles, with strong competition from domestic manufacturers in the U.S. and Europe. As a response, Chinese firms are seeking new market opportunities to enhance their global presence.
April 2025 marked a notable increase in battery production capacity, with the capacity for solar photovoltaic systems reaching 45.22 GW, up 214.68%. This period also saw major developments in solar energy projects, contributing to China’s ambitions in green energy.
In terms of specific products, solar energy systems accounted for a significant share of the electric vehicle market, and companies like Jinko Solar and LONGi Green Energy have been at the forefront of production and technological advancements.
During this time, the market observed an increase in demand for solar panels, with prices stabilizing despite fluctuations in raw material costs. Efficient production processes and better supply chain management have allowed manufacturers to maintain competitive pricing.
As the industry evolves, ongoing investment in research and development, coupled with supportive government policies, is expected to drive future growth. The focus on sustainability and innovation will remain a priority as the market adapts to changing consumer preferences and technological advancements.
Overall, the electric vehicle sector in China continues to thrive, with strong production figures and a commitment to enhancing technological capabilities. The future looks promising as the industry seeks to expand both domestically and internationally.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/chinas-electric-equipment-industry-report-april-2023-sees-record-growth-in-domestic-solar-and-wind-power-installations/
