In the dynamic year of 2024, China’s New Energy Vehicle (NEV) market saw remarkable growth and diversification. Battery Electric Vehicles (BEVs) led the charge with 5.55 million units sold, dominating across various price points. Plug-in Hybrid Electric Vehicles (PHEVs) and Extended-Range Electric Vehicles (EREVs) followed closely with 4.044 million units, gaining significant traction in mid-to-high-end categories. Advancements like fast charging and solid-state batteries propelled BEVs forward, while hybrids addressed range anxiety and offered versatility, intensifying competition for 2025. Notable entries included Xiaomi’s SU7, which made a splash in the Chinese auto market, alongside the decline of Jiyue and HiPhi. BYD emerged as a dominant force, leading NEV sales with its extensive lineup of BEVs and PHEVs, leveraging in-house battery technology and competitive pricing.

Emerging Trends and Top Performers in China's NEV Market

In the vibrant autumn of 2024, China's automotive landscape was reshaped by several key models that stood out in their respective segments. The subcompact category was revitalized by the Geely Geome Xingyuan, an electric car that blends hatchback and SUV features, appealing to family users. Since its October launch, the Xingyuan has gained popularity with its clean and cheerful design, practical dimensions, and advanced technology, offering ranges up to 410 km.

The midsize segment saw the introduction of the Mazda EZ-6, developed in collaboration with Changan. This model offers both BEV and EREV versions, featuring a sporty coupe-like silhouette and cutting-edge technology such as a 14.6-inch infotainment screen and a 50-inch AR heads-up display. The EZ-6 excels in handling and performance, providing a total range of up to 1,300 km for the EREV version.

In the large car category, BYD’s Denza Z9 GT emerged as a standout, blending high-performance and luxury. Designed by Wolfgang Egger, this electric wagon offers a powerful tri-motor setup, delivering impressive acceleration and a driving experience that combines agility with stability. With an estimated range of 630 km and luxurious amenities, the Denza Z9 GT caters to both long-distance travel and daily usability.

The midsize SUV segment welcomed the Jetour Traveller, a compact off-road SUV from Chery’s Jetour brand. Featuring rugged styling and modern features, the Traveller offers practical specifications suitable for urban commutes and light off-road adventures. Its hybrid drivetrain ensures efficient city driving and capable highway performance, making it a versatile choice for budget-conscious enthusiasts.

Luxury SUVs were redefined by the Luxeed R7, born from the Harmony Intelligent Mobility Alliance between Chery and Huawei. This sleek electric coupe SUV boasts aerodynamic design and advanced technology, including Huawei’s HarmonyOS 4 and ADS 3.0 autonomous driving capabilities. Offering spacious interiors and generous cargo capacity, the R7 is well-suited for families and long journeys.

Finally, the off-road SUV category was dominated by GWM’s Tank 700 Hi4-T, combining a robust V6 engine with an electric motor for exceptional off-road capability. Despite challenges in confined spaces, the Tank 700 Hi4-T excels in stability and towing capacity, making it a formidable choice for off-road enthusiasts.

From a journalist's perspective, the rapid evolution of China’s NEV market in 2024 highlights the industry’s commitment to innovation and sustainability. Each new model brings unique features and advancements, pushing the boundaries of what is possible in electric vehicles. The competition among manufacturers not only benefits consumers but also drives the entire industry toward a greener and more technologically advanced future. As we look ahead to 2025, the continued development and refinement of these technologies promise even greater strides in the world of electric mobility.