Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
Business

China's Electric And Hybrid Vehicle Sales Jump 40.7% In 2024

Hundreds of BYD electric vehicles lined up for export in Yantai, eastern China (Credit: AFP)

Sales of electric and hybrid vehicles jumped more than 40 percent in China last year, as demand for new energy models continues to surge and the sector remains entrenched in a gruelling price war.

The Chinese electric vehicle market has witnessed explosive growth in recent years, driven in part by generous subsidies from Beijing.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.