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Global NEV Industry Enters New Phase of Comprehensive Marketization; China Becomes Cornerstone of Su

   2026-09-27 Xinhua / China.org.cn70

At the 2026 World New Energy Vehicle Congress in Haikou, experts said the global NEV sector has shifted to market-driven, large-scale adoption, with China a vital innovation source and stabilizer of the global auto supply chain.

The 2026 World New Energy Vehicle Congress was held in Haikou, Hainan, from September 22 to 24. Experts agreed the global NEV industry has moved beyond policy-led introduction and growth into a new stage of market-driven, large-scale adoption and high-quality iteration, with China a key innovation source and a stabilizer of the global auto supply chain.

Wan Gang, chairman of the congress, said global NEV sales reached 11.234 million units in the first half of 2026, up 14% year on year, with market penetration rising to 24%. Cumulative global sales have surpassed 94 million, of which China accounts for more than 62 million.

China's NEV sales hit 10.65 million units in January-August, with penetration climbing to 52.4%, while exports reached 3.435 million units, up 124% year on year - a core engine of growth. The industry is shifting from single-product export to overseas manufacturing, technology export and ecosystem globalization.

Volkswagen Group China said its largest integrated R&D center outside Germany, built in Hefei, now has more than 3,000 local R&D staff, underscoring China's role as a global NEV innovation hub.

 
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