From January to April 2020, China's sales of new energy vehicles reached 205,000 units. Despite no significant improvement in the overall automotive environment, the new energy vehicle market in 2020 is expected to continue its development towards high quality and product performance as the main competitive strengths. The following is an analysis of the current situation in the new energy vehicle industry.
In recent years, driven by factors such as policy support, China's new energy vehicle industry has experienced rapid development. According to a special research and investment feasibility assessment report on the Chinese new energy vehicle components testing industry market from 2020 to 2024, the production and sales of new energy vehicles in China increased year by year from 2014 to 2018. However, in 2019, the production of new energy vehicles in China declined to 1.242 million units, a 2.20% decrease compared to 2018. As of January to May 2020, China's cumulative production of new energy vehicles reached 295,000 units, a cumulative decrease of 39.7%.