The Asian giant set a record in the production of vehicles powered by new energies, reaching 20 million units manufactured. A car leaving the GAC Aion New Energy Automobile company plant in Guangzhou citycapital of the southern province of Canton, was the one that rounded off the figure.
Fu Bingfeng, vice president of the China Automobile Manufacturers Association, said that this milestone shows that the sector has entered a new stage of development on a large scale, globalized and high quality, making it an “important part” of the industrial system. the country, the official Xinhua news agency said.
The historical figure was also contained by the Ministry of Industry and Information Technology, since this it accounts for just under 24 percent of global vehicle manufacturing last year, which was 85 million units.
The other news was given by BYD, the world’s leading Chinese brand in the manufacture of electric vehicles, which also announced a record sales in the first half of 2023 with 1.26 million units sold, which is almost double that in the same period of the previous year.
In all of 2022, the company’s sales stood at 1.86 million units, triple that of the previous year. At the end of last June, the Chinese authorities announced the restoration of tax exemptions and reductions on the purchase of vehicles powered by new energies until 2027.
The ministries of Finance, Industry and Technology and the Tax Administration indicated then that the objective is to “support the development of the new energy vehicle industry, promote consumption and facilitate ecological construction.”
The subsidies granted by China to this type of car came into force in 2009 and disappeared in 2022, after which electric sales in the world’s largest market for this type of car fell by almost half in January (-48%) than in the last month of 2022.
