China’s EV Revolution: From $5,000 Minis to 1,000-km Supercars – How China Is Shocking the Global Car Market
China’s electric vehicle industry is the largest in the world, accounting for 58–70% of global EV production in recent years Wikipedia Iea. In 2024 alone, China produced over 11–13 million electric cars, which was about half of all new cars sold in China Iea Washingtonpost. This output is more than four times the U.S. EV sales and nearly exceeds total global EV sales from just two years prior Iea. Such scale firmly establishes China as the world’s EV manufacturing hub, responsible for 70%+ of global EV output Iea. It also dominates EV exports – 1.25 million EVs exported in 2024 came from Chinese factories Wikipedia Iea.
