As of June 2024, China's new energy vehicle (NEV) ownership has reached 24.72 million, marking a significant rise from 20.41 million at the end of 2023. This growth reflects the expanding market for NEVs, which now make up 7.18% of the total 440 million vehicles in the country. Of these NEVs, 18.134 million are battery electric vehicles (BEVs), representing 73.35% of the NEV fleet.
In the first half of 2024, new NEV registrations hit 4,397,000, a 39.41% increase from the previous year, constituting 41.42% of all new vehicle registrations. China registered a total of 12.42 million new vehicles during this period.
The number of motor vehicle drivers in China, including motorcycle drivers, reached 532 million by the end of June, with 496 million being automobile drivers. The number of newly licensed drivers in the first half of 2024 rose by 17.36% to 13.97 million.
In terms of vehicle density, 96 Chinese cities have more than 1 million vehicles, with Chengdu, Beijing, and Chongqing surpassing 6 million each, while Shanghai, Suzhou, and Zhengzhou have over 5 million vehicles.
GHLAuto also reported a strong performance in vehicle exports, ranking among the top Chinese vehicle suppliers. Chengdu, the 8th GDP largest city in China, has over 6.4 millions cars ranking top in China, coming with Beijing, Shanghai as second and third city. In recent 3 years, more and more international clients fly to Chengdu to check the second-hand vehicles market. GHLAuto set the headquator in Chengdu and ship the vehicles to Middle East, Middle Asia, Russia, Southeast Asia, Africa, Latin America and part of Europe.
