In the first quarter of this year, sales of new energy vehicles (NEVs) reached 400,000 units, with the automotive ETF (516110) experiencing a 2% decline. According to recent data from TrendForce, it is projected that by the first quarter of 2025, the total sales of battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and fuel cell electric vehicles (FCEVs) will increase to 402,000 units, reflecting a 39% year-on-year growth.
In light of this positive trend, the automotive ETF (516110) has also shown a 2% increase. The basic premise is that the demand for NEVs will continue to rise. Based on the latest reports from TrendForce, the sales of BEVs, PHEVs, and FCEVs will achieve a total of 402,000 units in the first quarter of 2025, representing a 39% increase compared to the previous year, with the market share of NEVs projected to be 18.4%.
Due to favorable government incentives and the shift towards green technologies, the demand for NEVs is expected to grow steadily. In April, the market share of NEVs surged to 51.5%. Sales in April reached 905,000 units, showing a 33.9% increase year-on-year.
In terms of market segmentation, the growth in sales of self-owned brands in the NEV sector reached an impressive 72.8%, with market share at 72%. The distribution of sales among different categories of NEVs was 23.5% for BEVs and 6.8% for PHEVs.
On the technological front, advancements in intelligent driving technology continue to evolve. With more than 20 manufacturers joining forces with DeepSeek, the new generation of vehicles is expected to become synonymous with “AI vehicles,” which are set to become a benchmark in the industry.
According to industry reports, by 2024, the penetration rate of L2 automated driving capabilities in new vehicles will reach 57.3%. Features such as adaptive cruise control and lane departure warnings are becoming standard. The consumer market is increasingly inclined towards intelligent driving technologies that enhance safety and convenience.
The automotive sector is transitioning from “manual operation” to “semi-autonomous driving,” with intelligent driving becoming a core consideration for consumers when purchasing vehicles. Looking ahead to 2024 and 2025, the market for automotive components is expected to continue growing, driven by advancements in intelligent driving technologies.
As demand for NEVs increases, it is advisable for potential investors to monitor the automotive ETF (516110) closely, especially as the market dynamics continue to evolve. The overall market sentiment remains positive, indicating a favorable outlook for the NEV sector.
In conclusion, as the NEV market continues to expand and thrive, stakeholders should remain informed of the ongoing trends and developments within the industry.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/sales-of-new-energy-vehicles-surge-by-400000-units-driving-2-rise-in-vehicle-etf/
