The new energy passenger vehicle market will continue to grow in 2024, and the number of battery-equipped models will increase significantly.

In 2024, the new energy passenger vehicle market will continue to maintain rapid growth. Data from the 12 new car announcements throughout the year show that the number of models equipped with power batteries has increased significantly. Market concentration continues to rise, with CR5 supporting equipment reaching 79.9% in 2024, and CR5 installed capacity reaching 84.2% from January to November. Companies such as CATL, Guoxuan Hi-Tech, China New Aviation, and Fudi Battery all performed well.