BEIJING, September 29, 2026: China’s new-energy vehicles are reaching a record share of the domestic automobile market as the country’s auto industry shifts toward electric and intelligent vehicles, according to Xinhua.
The development comes as Chinese automakers expand electric-vehicle production, battery technology and connected-car systems.
Xinhua reported that China’s NEV sales share has reached a record high as the sector moves toward higher-quality growth.
Electric vehicles and intelligent systems
China’s NEV industry increasingly combines electric powertrains with software, connectivity and advanced driver-assistance technologies. The government has set a 2030 objective to strengthen the full industrial chain for intelligent connected NEVs.
Read NewsNationOnline’s report on China’s 2030 connected-NEV goal.
Competition among automakers
Chinese automakers are competing in domestic and international markets on vehicle pricing, battery performance, software features and manufacturing efficiency.
Industrial significance
The growth of NEVs is also increasing demand for batteries, semiconductors, charging infrastructure and intelligent vehicle components, making the sector an important part of China’s advanced-manufacturing strategy.
Source: Xinhua.