China's three lines at the same time layout: electric, hybrid, fuel cells

According to data released by the National Alliance International, in 2017, a total of 1.127 million new energy passenger vehicles were sold globally, of which 576,000 were from China, accounting for more than 47%, and almost all new energy vehicle routes were already in China. practice.

Based on the high growth in 2016, the growth rate of new energy vehicles in China continues to exceed the average speed. According to statistics, 2017 sales of new energy vehicles in China were 576,000 units, including 20,000 new energy vehicles and 556,000 domestic vehicles. The Chinese market has grown by 68%, and the world average speed is about 60%.

From the perspective of other markets in the world, the growth rate of the market for new energy vehicles in the United States is slow. Japan and South Korea have performed strongly, and Europe is also growing at a rate of around 50%.

In 2017, four Chinese companies entered the top 10 global sales of new energy vehicles. BYD and BAIC New Energy sold 113.7 thousand units and 103,200 units exceeded Tesla respectively and won the championship.

Subsidies are undoubtedly an important factor in promoting the rapid promotion of new energy vehicles in China. In the past 10 years, the total amount of subsidies has approached 160 billion yuan.

In 2018, the pace of development of China's new energy vehicles may further accelerate, and electric, hybrid power, and fuel cells will fully bloom, leading the global trend. Although the global market share of hydrogen-powered fuel cell vehicles is currently less than 1%, the pace of development is accelerating, and China has become one of the few countries in the world that has comprehensively deployed electric, hybrid, and fuel cell circuits.

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