On January 8th, the Secretary-General of the China Association of Automobile Manufacturers, Cui Dongshu, wrote that the launch of new models in the traditional car market has gradually slowed down, while new energy vehicles have significantly increased new product launches.
The article states that in recent years, there has been a strong push for new energy vehicles from domestic brands. By 2023, there will be 53 pure electric models, 31 plug-in hybrid models, and 10 extended-range models, totaling 94 models.
The pace of joint venture new product launches has slowed significantly, with only 7 models released in 2023. Among them, there are 5 pure electric new cars and 2 plug-in hybrids, with no extended range models released. In other words, the number of new energy vehicle models from Chinese domestic brands in 2023 is more than 13 times that of joint venture brands. In addition, luxury brands have only released 3 pure electric vehicles. The article states that in the early days, domestic brands were still acting alone, but now many domestic brands have built new brand matrices, rapidly launching new products and quickly expanding their presence. In the rapidly changing market of new energy vehicle technology and infrastructure, the innovative capabilities of domestic brands continue to strengthen.