2024 China GBA International Hybrid Vehicle Technology and Supply Chain Expo

Promote the development of the global hybrid vehicle industry

The global hybrid vehicle market has gradually expanded, and the sales of hybrid vehicles have continued to grow in recent years. Subject to the limitations of charging network layout and battery life, hybrid electric vehicles that can take into account the dual needs of urban commuting and long-distance outdoor, and at the same time help save energy and reduce emissions, are becoming an important pillar of new energy development and gradually opening up a huge market space. According to the latest statistics, the global sales of NEV in 2023 will total 13.03 million units, with an annual growth rate of 29.8%, of which the sales of EV will reach 9.11 million units, with an annual growth rate of 24%, and the sales of plug-in hybrid electric vehicles will be 3.91 million units, with an annual growth rate of 45%.