China Auto Daily丨 BYD Leads 2024 Sales

China's Inaugural Energy Law Takes Effect, Targeting an Additional 20 GW of Wind and Solar Installations by 2025

On January 1st, China's inaugural Energy Law came into effect, marking a significant milestone in the country's energy policy. This groundbreaking legislation incorporates hydrogen energy into national law for the first time, defining its role as an energy source and establishing the legal status of green certificates. The law encourages the preferential use of renewable energy and supports the development of new technologies, business models, and paradigms, such as advanced energy storage and intelligent microgrids. In 2024, China's total installed capacity of wind and solar power reached 1.35 billion kilowatts, fulfilling its commitment to the global community six years ahead of schedule. By 2025, it is anticipated that an additional 20 billion kilowatts of wind and solar installations will be added, leading to greener electricity for residents and the ability for new energy vehicles to be charged with clean power.

BYD, SAIC Motor, Changan, Geely, and FAW-Volkswagen Announce 2024 Sales Figures

BYD reported a cumulative sales volume of 4.2721 million units for 2024, representing a year-on-year increase of 41.26%. SAIC Motor's December 2024 production and sales report revealed a total sales volume of 4.013 million units for the year, a decrease of 20.07% compared to the previous year. Within this, new energy vehicle sales reached 1.2341 million units, a 9.90% increase year-on-year; exports and overseas base sales amounted to 1.0384 million units, a 14.06% decrease year-on-year. Changan Automobile announced that its full-year sales volume exceeded 2.68 million units for 2024, setting a new high for nearly seven years. Geely Automobile reported a total sales of 2.1766 million vehicles in 2024, a 32% increase year-on-year. FAW-Volkswagen achieved a total terminal sales volume of 1.659 million units for the year (including Audi imported vehicles).

New Energy Delivery Volumes for 2024 Unveiled

BYD's new energy vehicle sales volume in December 2024 reached 514,800 units, with a cumulative sales volume of 4.2721 million units from January to December, a 41.26% increase year-on-year.

Li Auto sold 500,500 vehicles for the year, a 33.10% increase year-on-year;

HIMA sold 444,960 units for the year;

GAC Aion sold 413,000 units for the year, a 13.97% decrease year-on-year;

Leapmotor sold 293,800 units for the year, a 103.76% increase year-on-year;

Changan Deepal delivered 243,900 units for the year, a 78.14% increase year-on-year;

Zeekr delivered 222,100 units for the year, an 87.15% increase year-on-year;

NIO's annual sales volume exceeded 222,000 units, a 38.70% increase year-on-year.

Xpeng's annual sales volume exceeded 190,100 units, a 34.23% increase year-on-year.

Xiaomi delivered over 135,000 units in 2024.

Xpeng Motors' He Xiaopeng: Plans to Hire Over 6,000 Employees in 2025

On December 31, 2024, He Xiaopeng, Chairman and CEO of Xpeng Motors, issued an internal letter for the start of 2025. He stated that market competition in 2025 will be even fiercer, with price wars expected to ignite from January. Over the next decade, the Xpeng is dedicated to transform into a world-leading AI automotive company, achieving a comprehensive lead in products, business, organization, and globalization. In 2025, the company plans to launch several new models fully equipped with Xpeng's in-house developed AI technology, with significant new products and revisions expected almost every quarter throughout the year. Additionally, He Xiaopeng announced plans to further expand the recruitment scale in 2025, with the aim of hiring over 6,000 employees.