In the first quarter of 2025, sales of new energy vehicles (NEVs) are projected to reach 400,000 units, representing a year-on-year increase of 39%. This growth is supported by favorable policies and market trends, leading to an expected sales volume of 402,000 units, which includes battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and fuel cell electric vehicles.
According to recent reports from TrendForce, the demand for NEVs continues to rise. As of May 23, 2025, the vehicle exchange-traded fund (ETF) (516110) has seen an increase of 2%. The first quarter of 2025 is anticipated to showcase strong performance for NEVs, with BEVs and PHEVs together expected to account for a significant portion of sales.
In April 2025, the NEV market grew at a rate of 51.5%, with total sales reaching 900,000 units—up 33.9% compared to the previous year. The market share for newly launched NEVs is projected to be at 18.4%. The industry has also seen a notable increase in the adoption of intelligent driving technologies, with L2-level autonomous driving capabilities expected to cover 57.3% of new vehicles by 2024.
Overall, the NEV market is experiencing a sustained upward trajectory, driven by technological advancements and government support. The demand for smart vehicles is increasing, as consumers are increasingly seeking vehicles equipped with advanced technological features.
In terms of market dynamics, the demand for NEVs is expected to continue its upward trend, with major manufacturers investing in the development of more efficient and innovative vehicles. As a result, the NEV sector is becoming a crucial part of the automotive industry, reflecting a significant shift towards sustainable transportation solutions.
For more detailed information about the latest trends in the NEV market, please visit the financial news platform.
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