Western critics claim China is 'flooding' markets with cheap new energy products, but let's talk numbers. China produced 9.6M NEVs in 2023 – but sold 9.5M domestically and abroad. With global EV sales projected to hit 45M/year by 2030, is there really oversupply?
Domestic Demand Drives Growth 🌱
88% of China's NEVs stay home 🏠 – sales grew 33.5% YoY. Exports? Just 1.2M units (though up 77%). 'This isn't market distortion – it's meeting real demand,' says researcher Yang Shuiqing.
Global Green Transition Needs China 🌍
IEA data shows even if China boosts NEV production 20% annually, it'll only make 34M vehicles by 2030 – still under projected global demand. With climate goals mounting, maybe we need more clean tech collabs? 🤝
