China's new energy vehicle industry continues to improve its competitiveness

The competitiveness of China's new energy vehicle industry in the global market continues to improve. According to statistics, the top three countries for China's new energy vehicle exports in 2023 are Belgium, Thailand and the United Kingdom. In 2022, Chinese new energy vehicles accounted for 8% of the EU's new energy vehicles. It is expected that by 2025, the proportion of Chinese brands will increase to 15%. In addition, the average export price of China's new energy vehicles will increase from US$19,500 in 2021 to US$23,800 in 2023, achieving a "both volume and price increase".