China's new energy vehicle sales reached 945,000 units

According to the China Passenger Car Association, in December 2023, China's new energy vehicle sales reached 945,000 units, a year-on-year increase of 47.3%. Domestic brands accounted for 70.3% of the market share, while Tesla and new power brands accounted for only 22.9% in total. This shows that although new power brands have received much attention, their market share is still far lower than that of domestic brands.