1. Global NEV Sales Expected to Exceed 17.5 Million in 2024

According to GGII, driven by robust growth in China, global new energy vehicle (NEV) sales are projected to surpass 17.5 million units in 2024, with a penetration rate of 23.2%. China’s NEV sales are expected to reach 12.85 million units, with a 40.9% penetration rate.

2. December Domestic Car Complaints Rise by 6%

CarQuality.com reported receiving 15,739 valid car owner complaints in December 2024, a 6% increase month-on-month.

3. GAC Group December Sales Hit 283,200 Units

GAC Group announced December sales of 283,200 vehicles, a 9.3% year-on-year increase. However, cumulative 2024 sales reached 2.0031 million units, marking a 20% year-on-year decline.

4. NIO Achieves 3,000 Battery Swap Stations Nationwide

On January 3, NIO announced that it has built 3,000 battery swap stations across China, with users completing over 61 million battery swaps.

5. Denza Sells Over 126,000 Units in 2024

Denza reported total sales of 126,035 units in 2024, with an average transaction price of RMB 377,000 from January to November. December sales reached 15,059 units, and the Denza D9 achieved annual sales of over 100,000 units.

6. Changan C798 Officially Named "Changan Q07"

Changan has officially named its C798 model as the "Changan Q07." The new midsize SUV is built on the latest SDA all-electric platform architecture.

7. Lynk & Co 900 Flagship SUV Debuts

On January 3, Lynk & Co unveiled its all-new flagship SUV, the Lynk & Co 900. Based on the SPA Evo platform, the six-seat premium SUV is positioned as a large electric hybrid vehicle.

8. CATL, BAIC, Xiaomi JV Renamed

Corporate records show that Beijing Times Dynamic Battery Co., Ltd., a joint venture between CATL, BAIC, and Xiaomi, has been renamed Times BAIC (Beijing) New Energy Technology Co., Ltd.

9. Tesla Annual Sales Decline for the First Time in Over a Decade

Tesla reported producing 1,773,443 vehicles and delivering 1,789,226 in 2024. Despite record-breaking Q4 deliveries of 495,570 vehicles, total annual sales declined year-on-year for the first time in over a decade.

10. Hyundai Sets 2025 Sales Target at 4.17 Million Vehicles

Hyundai announced its 2024 sales reached 4.14 million vehicles, down 1.8% year-on-year. The automaker aims to achieve 4.17 million in sales for 2025.