Jingu Finance | New energy vehicle companies generally rose, as of the time of publication, Nio Inc (09866) rose by 22.18%, Evergr Vehicle (00708) rose by 12.31%, Xpeng (09868) rose by 9.31%, Leapmotor (09863) rose by 6.48%, Li Auto Inc (02015) rose by 5.06%.
On the news front, Cui Dongshu, Secretary General of the China Passenger Vehicle Market Information Joint Conference, stated at the 'World New Energy Vehicle Conference' that it is expected that by 2024, mainland China's retail sales of automobiles will reach 22.3 million units, growing by 3% annually. The retail sales of new energy passenger vehicles in mainland China are expected to reach 10.4 million units by 2024, with an annual growth of 34%. At the end of last year, the China Passenger Car Association estimated that the mainland's retail sales of passenger vehicles in 2024 would be 22.2 million units.
Furthermore, Cui Dongshu mentioned that mainland China plays an important role in the rapid transformation of the global new energy vehicle development, believing that mainland China's automobile industry will not be 'strangled', as it has a strong consumer electronics foundation in the supply chain and believes that Europe and America cannot contain mainland China. Fundamentally, mainland China has a strong global competitiveness.
